The chart is self-explanatory.
Previous "Bear Market" for this stock was -61% ---> this is considered normal, for such a growth stock
(Go check historical corrections of AAPL, and see that regardless of large percent corrections, the stock did new highs).
If the price will go to $26 we would expect the price to hold that level and try to test for the high.
As with the previous patterns, RSI was below 30, now we want the price to confirm with upward momentum.
Previous "Bear Market" for this stock was -61% ---> this is considered normal, for such a growth stock
(Go check historical corrections of AAPL, and see that regardless of large percent corrections, the stock did new highs).
If the price will go to $26 we would expect the price to hold that level and try to test for the high.
As with the previous patterns, RSI was below 30, now we want the price to confirm with upward momentum.
🏆 There is only #1 way to trading
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
Related publications
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.
🏆 There is only #1 way to trading
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
Related publications
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.