L2 is somewhere near a new level breakdown but look like not going to happen anytime soon since yesterday (3/10/2022) rally again+..., who knows= need continue further observe a few more days 1st.
Still got more room to breakdown(still kinda overvalued in current economy situation)...
A delayed fall may forward it to 2023 (the worst 1)..., I guess...
Welp, these are just my views on different stocks on breakdown.
Milk The Cow
OP
102271429
:
This also need depend on if that company is really doing well ... Sometime the breakdown is being pull down by the index...
NANA123 :
102271429 : what does it mean for breakdown stock? Will rebound strongly?
Milk The Cow OP 102271429 : It means go lower.
However for the spy, I can't really see it now...
Milk The Cow OP NANA123 :
Milk The Cow OP 102271429 : Yup, actually u are kinda right... = usually after a big breakdown, the stock may rebounce strongly...
Milk The Cow OP 102271429 : This also need depend on if that company is really doing well ...
Sometime the breakdown is being pull down by the index...