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Re: gail post# 80

Friday, 09/17/2021 1:41:51 PM

Friday, September 17, 2021 1:41:51 PM

Post# of 143
Careful! The impulse is to buy back in from fear of missing out.
But you already left for a reason!


Look what it's doing now. It's forming a rising wedge, a very bearish pattern. In most cases it'll fall out the bottom as low as that first low point in the wedge. (About $1.80 here)

https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:rising_wedge_reversal