Let’s talk about what just happened with $BR : down 3.3% in 5 minutes.
The first rebound after a drop is crucial: if it can’t bounce, it means buying support is still weak. Recovering most of the loss is what would count as a sign of stabilization. I’ve lost money chasing moves like this before, so whenever I see one, I pause first.
The first rebound after a drop is crucial: if it can’t bounce, it means buying support is still weak. Recovering most of the loss is what would count as a sign of stabilization. I’ve lost money chasing moves like this before, so whenever I see one, I pause first.