It’s deeply oversold and ripe for a bounce.
I think the reward to risk is increasingly favorable for a bounce.
It’ll likely have a hard time moving higher. Active investors and traders could now look to short it.
In short, it’s nearing better technical support that could bode well for a year-end bounce sooner rather than later.
The odds increasingly favor a break higher to new year to date highs.
It’s offering a good reward to risk for buyers.
The recent sharp selling spree is making it look increasingly oversold and it may soon be ripe for an oversold bounce.
It’s arguably the world’s most important stock. Active investors and traders looking to buy it may find this an attractive spot.
It’s a strong stock in a strong and outperforming sector. It’s entirely possible to see another leg higher from here soon.
Over the past few weeks has dropped about 20% and it could see a year-end rally.