Entering bear market but these bears (short-sellers) got their asses whipped in 2020 and frankly, some were fatally injured in #Gamestonk, so the remaining bears might be afraid and tend to take profit that might create a rally before downtrend continues.
Technical indicators are screaming "Sell"
+ Weekly and Monthly RSI looks "ewh ewh"
+ Daily 50MA and 50 SMA are crossed
+ Descending triangle is formed and broken
I'd buy at $500 after the stock trades down for few days or weeks to confirm (though I really think it should be $300, but who cares what I think)
Technical indicators are screaming "Sell"
+ Weekly and Monthly RSI looks "ewh ewh"
+ Daily 50MA and 50 SMA are crossed
+ Descending triangle is formed and broken
I'd buy at $500 after the stock trades down for few days or weeks to confirm (though I really think it should be $300, but who cares what I think)