Quote:
Originally Posted by MisterF80M3
It looks like a bull trap to me. It is way too early for a bottom, IMO.
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Complete novice here, so had to look that up, but I think you're right. However, as you said it might be too early to tell. From my understanding of this chart, the true characteristics of a bull trap would show a stock reaching its resistance level, then falling back down sharply.
I'm guessing the coming weeks will give more insight?