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Potential reversal US tech stocks

Updated: May 6, 2021

Studies shown a potential reversal for US tech stocks, we could see a bearish engulfing body forming in the past weeks of trading. The last few weeks also observed one of the highest transacted volume ever registered, indicating a great exchange between the greed, the fear and the knowing.

Nasdaq reached it's trough in 2008 and started this rally, it has since risen at least 7 folds.

Behavioural science provide an explanations for why people make irrational financial decisions and this can be measured through the study of the price behaviour of technical analysis. It also refers to as studying into the market psychology and in the macro picture is called behavioural economics. In short, we believe there is likely to have a reason for every price movement, especially in those significant ones..

Above is not a recommendation, analysis was made based on studies, please see disclaimer.

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