Undercut & Rally - Riot Blockchain (RIOT) 4/21/21
|Published:||21 Apr 2021 14:06 ET|
Riot Blockchain (RIOT) is posting a U&R at the prior 39.13 low. This is a highly fluid situation where one uses the prior low as a selling guide. There is no guarantee it will work, but this is what typical U&R will look like, and you can see that prior steep sell-offs in the pattern have resulted in inflections to the upside. A quick failure would be bearish for the stock, however.
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