Posted by mastermind on 11th of Apr 2022 at 07:03 pm
Kind of hard to believe , especially the first data point, but
according to IBD: "Alphabet's five-day losing streak is the longest
since November 2019, according to Dow Jones Market Data. Nvidia
slid 5.2%; its five-day drop is the largest since March 2020."
So much for the hype about GOOGL's stock split. Anyway
hopefully a sign that an oversold bounce is coming.
Also possibly of note, if you are into the meme stocks - AMC
seemed to find support at its 50 DMA after nearly getting cut in
half from its brief peak. GME also finished positive today near its
20 DMA, but is only off ~25% from its peak.
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Kind of hard to believe
Posted by mastermind on 11th of Apr 2022 at 07:03 pm
Kind of hard to believe , especially the first data point, but according to IBD: "Alphabet's five-day losing streak is the longest since November 2019, according to Dow Jones Market Data. Nvidia slid 5.2%; its five-day drop is the largest since March 2020." So much for the hype about GOOGL's stock split. Anyway hopefully a sign that an oversold bounce is coming.
Also possibly of note, if you are into the meme stocks - AMC seemed to find support at its 50 DMA after nearly getting cut in half from its brief peak. GME also finished positive today near its 20 DMA, but is only off ~25% from its peak.