Chart to find breakdown stocks - TA Challenge 🤨
![Chart to find breakdown stocks - TA Challenge 🤨](https://sgsnsimg.moomoo.com/feed_image/101642595/221b84d3b3783444982c5e95a84cc815.jpg/bigmoo)
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?
![Chart to find breakdown stocks - TA Challenge 🤨](https://sgsnsimg.moomoo.com/feed_image/101642595/dd0ed521e7603d3194e28519f448e08b.jpg/bigmoo)
Coca-Cola took a smaller breakdown than Adobe. Welp, it's one of Warren Buffett stock, so it's actually quite stable.
![Chart to find breakdown stocks - TA Challenge 🤨](https://sgsnsimg.moomoo.com/feed_image/101642595/084783f6a769374ba3d02abbab1edc02.jpg/bigmoo)
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 :![](https://emoticon.futunn.com/rich_daily_life/O_02.png)
102271429 : what does it mean for breakdown stock? Will rebound strongly?
Milk The CowOP 102271429: It means go lower.![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
However for the spy, I can't really see it now...
Milk The CowOP NANA123:![](https://emoticon.futunn.com/rich_big_face3_mm/04.png)
Milk The CowOP 102271429: Yup, actually u are kinda right...
= usually after a big breakdown, the stock may rebounce strongly...![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Milk The CowOP 102271429: This also need depend on if that company is really doing well
...![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Sometime the breakdown is being pull down by the index...