Penn and Avgo Rallied similar to Mrna after the announcement of S&P inclusion. Both sold of 20% within the first month of being in the S&P;Both sold off the day of. What we have here is an Old school by the rumor sell the news. On top that , Rising wedge formed on weekly. final destination outlined in yellow.
First target is Wedge top at 264 then wedge support around 230
I think we get a dead cat bounce at wedge support and a suckers rally back to 280 before the final fall .
Oversold On weekly and daily and monthly RSI Money flow oversold. 3days outside its bollinger band the only other stock even close to being this oversold Is TGT