Weekly chart. Weekly charts often show you the true angle of the run up (or monthly)
If this is a parabolic arc pattern, most pull back 50% to 62% during correction mode, or somewhere in between as well. It is possible to fall back deeper. Arc patterns do not usually "Blast off" when they hit their level either as other stocks hit a sweet spot and Boom, off they go. Patience would be required perhaps as zoom had a steep rise up..
If this is an arc pattern, there can be volatility for an extended amount of time..
Just an observation and not a recommendation
If this is a parabolic arc pattern, most pull back 50% to 62% during correction mode, or somewhere in between as well. It is possible to fall back deeper. Arc patterns do not usually "Blast off" when they hit their level either as other stocks hit a sweet spot and Boom, off they go. Patience would be required perhaps as zoom had a steep rise up..
If this is an arc pattern, there can be volatility for an extended amount of time..
Just an observation and not a recommendation
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.