Chart to find breakdown stocks - TA Challenge 🤨
I think this is the best example chart I found for a breakdown ![]()
. The breakdown is likely due to Adobe buying a not so beneficial company?
Coca-Cola took a smaller breakdown than Adobe. Welp, it's one of Warren Buffett stock, so it's actually quite stable.
L1 shows a 2nd breakdown in the latest fall.
L2 is somewhere near a new level breakdown but look like not going to happen anytime soon since yesterday (3/10/2022) rally again ![]()
+![]()
..., who knows ![]()
= need continue further observe a few more days 1st.
Still got more room to breakdown ![]()
(still kinda overvalued in current economy situation)...
A delayed fall may forward it to 2023 (the worst 1)..., I guess... ![]()
Welp, these are just my views on different stocks on breakdown ![]()
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NANA123 :
102271429 : what does it mean for breakdown stock? Will rebound strongly?
Milk The CowOP 102271429: It means go lower.
However for the spy, I can't really see it now...
Milk The CowOP NANA123:
Milk The CowOP 102271429: Yup, actually u are kinda right...
= usually after a big breakdown, the stock may rebounce strongly...
Milk The CowOP 102271429: This also need depend on if that company is really doing well
...
Sometime the breakdown is being pull down by the index...