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At this time’s Irrational Stock Market: A Second within the Solar for Technical Analysts?

Attempting to foretell the course of stock costs based mostly on the form of strains in a chart typically appears akin to studying tea leaves. In at present’s markets, nonetheless, so-called technical evaluation may not be utterly extensive of the mark. This month’s gyrations have opened a window into investor psychology. Initially, the market rally accelerated, as retail traders led a “dash for trash,” shopping for the shares of corporations seen as notably uncovered to the coronavirus disaster—even together with bankrupt rental-car big Hertz. Then, after June…

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Yuuma Nakamura

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