We are retracing from the 0.886 level. Resistance at 69.62 should not break, it should push the stock to the downside. There is also a gap from 15 July, which will be our target for now. This stock went bullish today, we might see a bullish continuation, but looking at spy and other stocks it's very unlikely, but I could be wrong.
No position here.
Doing something new because I am bored. Enjoy the article 🤣
The 7 Laws of Stock Market Success
When it comes to investing, everyone has their own strategy. Some people believe in the high-risk, high-reward approach and put all of their money into small, volatile stocks. Others prefer a more cautious strategy that focuses on steady blue-chip companies and...
Let's see what we get. We have a wedge formation with an intermediate double top. Stock is still above it's vwap so, bulls still can reverse the trend however the last day's sell was HUGEEEEE! so, let's see what we get. Leaning bearish.