Stock Of The Day: Marathon Digital's Downtrend May Be Over As Bullish Reversal Pattern Forms
MARAMarathon(MARA) Benzinga·2024-08-21 02:11

The downtrend that started a month ago in Marathon Digital Holdings, Inc. MARA  may have ended. It has broken the downtrend line. It has also formed a potential ‘Rounded Bottom' on the chart.Both of these dynamics may have bullish implications. This is why we have identified MARA as our stock of the day.As you can see on the chart, over the past few days, shares of MARA “broke” or crossed the downtrend line.If a stock is moving lower, the first thing that must happen before it moves higher is for it to stop ...