Honestly, I personally feel this could be an classic case of dead cat bounce driven & heavily influenced by short covering—traders exiting bearish bets rather than new long-term buyers. Secondly, this is reminiscent of low convictions: Trading volume during the rebound was approximately 13% below the five-day average, indicating a lack of broad market participation. Thirdly, trump is causing a whole lot of confusion: implied volatility remains elevated, suggesting investors are still pricing in significant future price swings. Finally, this requires observing if the price eventually drops below its recent lows. Follow-through in the coming days will be critical in deciding if this move represents seller exhaustion or merely a temporary reprieve aka dead 🐈 syndrome.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
