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Nov 12, 2020 5:42 AM

Oversold, price action getting tighter Long

BigCommerce Holdings, Inc. - Series 1NASDAQ

Description

Break of trend line would confirm. Some minor support/resistance levels shown in addition to the fib retracement.
Comments
georgegourlay
Wow! $160 to $72, what was the reason for the crash? and is there any catalyst to reverse??
SpinTrades
@georgegourlay, It was announced that they had a partnership with FB and quite a move for the name to digest, catalyst for the move higher should be technical / sector rotation.
georgegourlay
@Spindle2060, added to watchlist ;-)
chirag2003
I have 120 avg, should i hold or sell now ?
georgegourlay
@chirag2003, suppose it depends on how much your holding and whether you need the cash right now.
MoneyFishing
@chirag2003, $63-$64 is the low since it IPOed. It's tested $66 yesterday and it's oversold. Now it looks like its making a turn up. I started buying at $66-$67 and I've got a $90-$100 PT on this.
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