Retail investors sell off as institutional investors buy in on the dip. A classic move in the stock market. Retail investors get fearful and banks and funds like ARK buy up your shares. Of course the selling may continue but bullish divergance analysis on the weekly can still be in play. We are also very deep on the fib retracement and I believe we'll see 45 next year.
Though, If your conviction in a stock is long and strong (like my grandmother's backhand), you hold still.
This is not trading advice but I'm buying more of my favorite company.(especially if it goes below 20!!
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