Possible bounce15 Apr 2025 09:36
After a 76.4% retracement, investors might re-evaluate the stock based on several factors:
Potential for Rebound: The deeper retracement might suggest that the stock has overcorrected, and a bounceback is likely.
Fundamental Analysis: Investors might reassess the stock's fundamentals, such as earnings, growth prospects, and industry trends, to determine if the price drop is justified.