Crypto-miner Marathon Digital Holdings (MARA) has been a busted stock, retracing all of its prior upside move in October and November as quickly as it went up. It is now bouncing along prior lows from which it ran up back in October/November and on Thursday posted a bottom-fishing pocket pivot at its 200-dma as well an undercut & rally (U&R) long set-up at its prior early December 35.97 low. This would be actionable using the 200-day line as a very tight selling guide or the U&R trigger low at 35.97 as a slightly wider selling guide.
Undercut & Rally - Marathon Digital Holdings (MARA) 12/23/21
|Published:||24 Dec 2021 15:04 ET|
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