Whether the second wave of the upward trend ($MOLT and $CLAWD) will reach a new high, I don't know. However, both of these first-wave upward movements were pullbacks without any pullbacks. If you said there wasn't a major player involved, you wouldn't believe it yourself. Therefore, I feel that at the current levels, there's a high probability of a second-wave rebound. As for whether the second wave will reach a new high, we'll have to wait and see.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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