either the best recovery or solid continuation
idk why
MCK
is down $20 in the post market but the top to bottom was over $25. earning and guidance both beat and future guidance is strong. some link to a rite aid bankruptcy has seemed to be the only dark cloud news. The technicals did max out on its push up to ath......so was this just a technical over extension combine with profit taking and a shade of bad news? Do we see this recover losses or continue? I am gonna play this by ear and keep close eye on volume it's probably gonna be our first confluence with price action. The broader Markets are really starting to overextend so keep an eye on the proper sectors in this case medical and medical device /equipment.
MCK
is down $20 in the post market but the top to bottom was over $25. earning and guidance both beat and future guidance is strong. some link to a rite aid bankruptcy has seemed to be the only dark cloud news. The technicals did max out on its push up to ath......so was this just a technical over extension combine with profit taking and a shade of bad news? Do we see this recover losses or continue? I am gonna play this by ear and keep close eye on volume it's probably gonna be our first confluence with price action. The broader Markets are really starting to overextend so keep an eye on the proper sectors in this case medical and medical device /equipment.