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S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,216.80
(
-0.22%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
84.75
(
-0.31%
)
Bitcoin
63,620.87
(
-1.85%
)
Post# of 113856
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cliffvb

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cliffvb

Re: value1008 post# 75069

Friday, 07/31/2020 11:21:35 AM

Friday, July 31, 2020 11:21:35 AM

Post# of 113856
BGFV Looking at what it did after pre-announcing those blow out Q2 earnings, it bottomed at 27% below its high on the day of the announcement and that happened 3 days after. We are now 2 days after and a 27% drop will take it to a low of 5.07. (I'm ignoring AH trading in both cases.)

Of course, history rarely exactly repeats itself so I think we are close to a bottom here. I added here at 5.34
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