Ameritrade $AMTD has been in consolidation and then correction mode after failing to clear above $63 a couple of times in March and then in June. It has since anchored below $60 a share, and recently broke below a support pivot at $51.55, which coincided with a break below a rising trendline from June 2016. 

AMTD Daily Chart

(click to enlarge)

Bearish Correction:
- The daily chart shows AMTD in bearish correction mode. 
- Price has retreated under the 200-, 100-, and 50-day simple moving averages (SMAs).
- The RSI has tagged below 30, and unable to push back to 70. 
- The break below $51.55 extends the bearish correction mode, but I think there will be support when price approaches $47.

Support/Resistance Pivot:
- The next support is likely in the $47-$47.20 area. 
- Here, we have a support/resistance pivot and low of 2018. 
- If we see a bullish divergence between price and the RSI when price is near $47, I would anticipate a bullish attempt at least back to the $51.50 area .
- I would however limit the upside to the $55 area in the short/medium-term in case the bearish correction mode is still in play.