Looks like it is just following the curve and just hits it for now. Time will tell what will happen from here but volume on the way down is low which could signal a trend that the drop may not be reversing and that only some long traders are locking in quick profits. So, if you are holding the stock, be careful there is a larger than 50% that it may drop further next week.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.