This chart has no opinion, TV commentary not needed. Previously the stock was in a healthy uptrend. A loss of 30% from the top we could argue the uptrend has been halted....WHY?Don't need to know, you wanna get long, then we look for early signs then sure fire uptrending charts....this isn't one.
I could offer opinion on why......If COnsumer was healthy and spending I could conjecture, this chart would NOT have broken down. It could be bottoming who knows.
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