Next targets 7.4 and 7.7
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We rise together.
10+ years of momentum and swing trading.
Options trader since 2020.
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100k : Sure it can get to 7 today?
TrendTrader OP 100k : My comments are only good for the time they are made as they are based on the momentum at that time.
If it reverses, sure there could be a chance of recovery.
It also could be a one and done. There is no way to know without watching.
TrendTrader OP 100k : So at the time of posting, those were the next upwards targets.
That level was not reached, and so people took their profits and ran, and others may have sold at a loss or their stop loss levels were hit, leading to a dramatic decrease in price.
100k : so what's next target now
TrendTrader OP 100k : Currently it has not broken the downtrend. I don’t typically short stocks (except for put options), so I don’t usually make short targets.
For a reversal it needs to reclaim vwap and then have upwards movement with volume incoming.