There's no line as there's no precedence of macro conditions so TA doesn't hold much weight . War, China Covid slowdowns. interest rates rising all happening at the same time. ...The SP can easily move up as it's moving down with the flick of a switch though. Nothing to do with the company at the moment unfortunately, if it was the SP would still be much higher.
It's just selling and bouncing back up with overall market, as most stocks are.
Chart Says Sell, page-157
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