Its a Typical Dead cat bounce scenario on the longer term. It has not crossed Key MA’s since a long time on the upside.
The volume data on sudden burst (yet quite regular) suggest that it probably has a become a playground for operators for trapping retail money.
On the other hand, its just a typical false rally with green volumes (previously, a few weeks ago) and a breakdown on shorter term currently. Its not a false breakdown as its a pullback.
for the stock to be considered viable for a technical buy it must show adequate strength both in volume and price data.
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