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Lv 7
asked in Business & FinanceInvesting · 1 month ago

was this last rally after a very volatile day today on march 5th 2021 actually a fake rally or "bull trap"? why it occured?

trading activity had slowed down a lot after the first half of the day and then at the end of the day all indexes rallied up 2 percent at least. why=?

1 Answer

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  • Steve
    Lv 6
    1 month ago
    Favourite answer

    Traders will only let a stock go down so much before they cant stand the bargain anymore and start to buy back in again. 

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