It could be the bottom for the entire market
Jumia, 3D Systems, Fubo, Skillz, Virgin Galactic, Plug Power, Nio, Jinko Solar, Xpeng, Li Auto, Momo, Pinterest, Beyond Meat, Peloton, Tesla, Square, etc. Some of them have lost more than 50 percent since the peak of February. It seems they all touched the bottom this morning.
Notice how they move in unison despite belonging to different sectors, the same could happen in the recovery.
JMIA
DDD
FUBO
SKLZ
SPCE
PLUG
NIO
JKS
XPEV
LI
MOMO
PINS
BYND
PTON
TSLA
SQ
Notice how they move in unison despite belonging to different sectors, the same could happen in the recovery.
JMIADDDFUBOSKLZSPCEPLUGNIOJKSXPEVLIMOMOPINSBYNDPTONTSLASQ
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