Strong bounce off bottom!
Surprisingly bullish response by the entire market today, thought the recovery would take longer. Hope to see the momentum keep up and we might see 800 sooner than you think. Next important area of value will be at around 775$. I wouldn't be surprised if the stock gets rejected in this area, consolidating around the 720s after.
A pullback was overdue, and seeing this massive buying power on 620 is very reassuring, as it was looking like a free-fall back to the trend line from June 2020 to November 2020. (which is likely not very valuable as it is based on the stock prior to S&P 500 inclusion.
Not many key areas of value below 620, would watch carefully all moving averages.
A pullback was overdue, and seeing this massive buying power on 620 is very reassuring, as it was looking like a free-fall back to the trend line from June 2020 to November 2020. (which is likely not very valuable as it is based on the stock prior to S&P 500 inclusion.
Not many key areas of value below 620, would watch carefully all moving averages.
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