One of my followers asked about RAPT which recently had a rapid 50% decline.
The question was if there's a bounce off the bottom made on 01/21/22, where could the most likely retracement level occur.
The fixed range Volume Profile indicator shows that the strongest selling of the drop was a 24.42. This is called the Point of Control - potentially the strongest near-term resistance.
If RAPT can rally off its 1/21/22 bottom it could likely stop somewhere in the $24 area.
Major support for RAPT is in the $18 area.
Mark
The question was if there's a bounce off the bottom made on 01/21/22, where could the most likely retracement level occur.
The fixed range Volume Profile indicator shows that the strongest selling of the drop was a 24.42. This is called the Point of Control - potentially the strongest near-term resistance.
If RAPT can rally off its 1/21/22 bottom it could likely stop somewhere in the $24 area.
Major support for RAPT is in the $18 area.
Mark
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.