After all that pre-earnings drama, it seems the company didn't completely implode. The stock squeezed the shorts, and is now trying to look respectable again.
The earnings release triggered a massive Sign of Strength (SOS).
This setup is vulnerable to a sharp pullback if any significant selling pressure emerges. The trade is to ride the momentum but keep a very close eye on that support level.
The earnings release triggered a massive Sign of Strength (SOS).
This setup is vulnerable to a sharp pullback if any significant selling pressure emerges. The trade is to ride the momentum but keep a very close eye on that support level.
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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.