Gapped up on earnings today but the move was short-lived. Profit-taking occurred quickly thereafter. Weak accumulation/distribution may continue range-bound action for this sideways trading range since Nov 2021. Quarter over Quarter improvement in financials, deliveries flat from Q4 2021, and supply chain issues expected through the rest of 2022.
Martha Stokes, CMT
www.TechniTrader.Courses
Learn how to use the technical patterns of each market participant for better trade planning.
www.TechniTrader.Courses
Learn how to use the technical patterns of each market participant for better trade planning.