First pullback, second pullback and now we are on the third pullback.
That is the actual situation after getting a +93.10% performance over the course of the week.
Right now biotechnological and medical stocks are rising because of the news, but be careful on getting
into this stock, it might be too late. Usually stocks do not bounce a fourth time after three pullbacks.
Even though, if we analyze the situation using Elliot waves, we could see a new uprising wave, but it is possible because of the volume showing on the candles that are slowing down the downtrend.
And the last tool used to analyze this market was the Fibonacci retracement. If prices go below the 38.2 mark, it would be very unusual to see a new high.
Have a great day!
That is the actual situation after getting a +93.10% performance over the course of the week.
Right now biotechnological and medical stocks are rising because of the news, but be careful on getting
into this stock, it might be too late. Usually stocks do not bounce a fourth time after three pullbacks.
Even though, if we analyze the situation using Elliot waves, we could see a new uprising wave, but it is possible because of the volume showing on the candles that are slowing down the downtrend.
And the last tool used to analyze this market was the Fibonacci retracement. If prices go below the 38.2 mark, it would be very unusual to see a new high.
Have a great day!