RE:finally a bounceHi, we never know. I feel it is a least good for a few days going up. I purchase twice some shares last week avg $12.06. Did the purchase based on swing trade mini-charts for my top10 sector stocks. I use MACD and RSI positive signals for a sector and choose the one I feel can do best on revenue / profit.
Now we never what a twitt can do to Mr Market. When MACD signal goes south, if it went up 12% and I like volume, I may elect to stay and use a stop loss protecting 6%.
The sector will need to clean up before I elect to go long. Still too many that will never be profitable : debt, options, board management...etc. Each time that one will have bad results it can affect all others.
Well I feel it is sustainable....but watching closely chart signals without falling in love.