Inverse head & shoulders in the works. After a parabolic move, the chart will take some time to rebuild. Additionally, the sharp rise in interest rates have hurt all growth stocks (higher discount rate = lower valuations) and the pain likely isn't over.
Look for bounce early this week (possible gap fill) as fund managers re-deploy capital from month-end rebalancing and chart is near-term oversold.
Look for bounce early this week (possible gap fill) as fund managers re-deploy capital from month-end rebalancing and chart is near-term oversold.