FATE Bouncing Off Of Dual Support Lines

Fate has hit both it's long-term trend support line AND the support line of 19.00, then bounced, as one would expect. Good time to buy. It fell too far too fast, and without any apparent justification, and is likely to go up & continue it's long-term trend. (However, on the off-chance that the bounce fails, and it falls through 19.00, it will be a good time to buy a very short-term put, as it will then likely retreat to a previous support line.)