Stock Of The Day: Why Did Cipher Mining Reverse?
Shares of Cipher Mining Inc. (NASDAQ: CIFR) continue to drop Friday. The shares remain under pressure. They have lost more than 25% of their value in just three days.The chart of Cipher illustrates an important and amazing principle of the stock market. Because of this, we have made it our Stock of the Day.In the stock market, certain price levels have more importance than others. These are called support and resistance levels.At a support level, there is a large amount of buy interest or shares to be bough ...