The recent surge in stock prices, particularly in tech giants like Alphabet (formerly known as Google), is reminiscent of the wild fluctuations seen in cryptocurrencies like Bitcoin and Ethereum. While there is nothing wrong with the stock market hitting new highs and beating expectations, the volatility and speculative trading activity are raising concerns among veteran investors who have experienced market cycles before. It is important to keep a close eye on these companies and their stock charts for potential future drama.
The daily price chart for Alphabet shows a significant jump in buying pressure, with the stock skipping multiple levels before breaking out above previous highs on heavy volume. This type of speculative trading activity is not typical in normal markets, and the sudden surge in prices may indicate a lack of measured buying and selling behavior. Similarly, Resmed, a NYSE-listed stock, saw a substantial 19% increase in one session, reaching levels not seen before. The extraordinary moves in these stocks, fueled by positive earnings reports, are catching the attention of investors and market observers.
Intel, on the other hand, experienced a significant drop below previous lows, leading to a 9.20% decline in stock price. The increase in selling volume suggests that investors are serious about their actions, and the stock may see further downside in the near future. In contrast, Immunity Bio saw a massive 43.84% surge in stock price, fueled by speculative money looking for investment opportunities. The company’s business focus on immunity and healthcare combined with market momentum have driven the stock to new highs.
Snap Inc., an internet content and information company, experienced a significant gap down in February, which was partially filled by a 25.63% gap up on Friday. The stock’s volatility is evident in its price chart, with sharp swings from lows to highs within a short period. Despite the roller coaster ride for investors, Snap continues to hold long-term promise for those willing to ride out the ups and downs of the market. Overall, the current market environment is characterized by extreme price movements and speculative trading activity, reminiscent of the cryptocurrency craze seen in previous years.
For more in-depth price chart analysis and commentary, investors can visit johnnavin.substack.com to stay updated on the latest trends and developments in the stock market. The recent surge in stock prices, particularly in tech giants like Alphabet (formerly known as Google), is reminiscent of the wild fluctuations seen in cryptocurrencies like Bitcoin and Ethereum. While there is nothing wrong with the stock market hitting new highs and beating expectations, the volatility and speculative trading activity are raising concerns among veteran investors who have experienced market cycles before. It is important to keep a close eye on these companies and their stock charts for potential future drama.
