Let's check out the charts and indicators and the odds of picking a winner.
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Many tech valuations are now back to 2016 or 2017 levels, and quite a few contrarian indicators point to extreme bearishness.
No one trusts a bounce to last at this point, and they simply are hoping for some relief from the unpleasant action.
APD got a "Buy" recommendation, but my analysis doesn't jibe.
Here's our updated bullish strategy on PXD.