Repeating market crashes...
Hey guys,
If you look very closely, I think GES is repeating the same pattern it made in 2008, with some similarities to what it did in 2000. Today, the stock noticeably held its most critical support level just above $16, and I think it is likely it will rally into mid-late July. That being said, I fully expect that rally to be faded and a violent markdown phase to occur as it did in 2000/2008. Keep an eye out on this one bears as this could move down very fast when the time is right.
If you look very closely, I think GES is repeating the same pattern it made in 2008, with some similarities to what it did in 2000. Today, the stock noticeably held its most critical support level just above $16, and I think it is likely it will rally into mid-late July. That being said, I fully expect that rally to be faded and a violent markdown phase to occur as it did in 2000/2008. Keep an eye out on this one bears as this could move down very fast when the time is right.
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