This move looks a lot like the previous shake out.
The top was followed by a ~60% move down and should rebound here.
The last large move was ~11 up and ~4 down or about 40% pullback...if we follow the same trend, the pullback on the current move of +33 should have a down about 13-14 which would be around the 30 support level the stock is currently sitting on.
The top was followed by a ~60% move down and should rebound here.
The last large move was ~11 up and ~4 down or about 40% pullback...if we follow the same trend, the pullback on the current move of +33 should have a down about 13-14 which would be around the 30 support level the stock is currently sitting on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.