DATE - AUG 04, 2021.
Formation of DEATH CROSS in IDEA and sharp fall in share price.
Idea breaks multiple .
1.The death cross is a technical chart pattern indicating the potential for a major selloff and has proven to be a reliable predictor of some of the most severe bear markets of the past century, including 1929, 1938, 1974, and 2008.
2.The death cross appears on a chart when a stock’s short-term moving average, usually the 50-day, crosses below its long-term moving average, usually the 200-day .