Riot Platforms, the decline gains strength
Riot Platforms plunges 12.9%: 5 straight lower highs confirm the decline
Riot Platforms, the decline gains strength
Our view last week
Riot Platforms carves out a double bottom in the 21 area with a 19% rebound, but the last session puts sellers firmly back in charge and the week still closes down 5.2%. On that weakness a fresh Sell signal fires, replacing the long buy signal now filed away: setup quality indicator at 51 out of 100, signal strength still low at 11 out of 100 - a decline losing steam. Trading not recommended, per our model.
This week's summary
Riot Platforms shares plunge 12.9% in a week marked by 5 straight lower highs, from the 30 area down to 22 - a sharp change of pace from last week's weak start. Buyers are in retreat and sellers dominated the last session in extreme fashion: our technical analysis reads a Sell signal gaining weight, with signal strength at 48 out of 100. Trading not recommended, per our model.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Jul 30
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IQS Phase
78
in tension
Signal Strength
48
decline starting to make lower lows
Sizing
REDUCED
Ranking
#66 / 140
US stocks sell signals
Trade P&L %
+12.90%
from signal to today
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