Appears as if this is forming a perfect ABC Flat correction, however tis market is so bull it may start next week from this price, if we can get some seasonal weakness in October hoping it fills the GAP. Leg into longs if it continues to decline.
But interestingly enough, what I have found in the past , is that the stock seems to be weak in the 4th quarter, which seems contrary to the fact that it does so much retail business in those months, and actually bulls hard in 1st quarter. So i think its worth watching to see what happens this time around.
But interestingly enough, what I have found in the past , is that the stock seems to be weak in the 4th quarter, which seems contrary to the fact that it does so much retail business in those months, and actually bulls hard in 1st quarter. So i think its worth watching to see what happens this time around.
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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.