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Re: Vegas Stocks post# 86564

Tuesday, 06/23/2020 7:41:25 AM

Tuesday, June 23, 2020 7:41:25 AM

Post# of 232977
I don't thnk you'll see another DEAD COUNT BOUNCE until the stock once again gets Oversold or Extremely Oversold.
As much as a 50% retracement could easily occur before that happens..After all,there wasno news to support the move upward in the 1st place.
The retracement began yesterday after it hit the intra day high. Weakness showed up in the 2nd half of the day. Classic case of a drop in the works.

Hope this was helpful and GL.
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