I was dead wrong last time about the bull trap. In hindsight, it's because I wanted to get in at a lower price so that's what I was looking for. I ended up having to buy higher but now I have a position. It's a long term hold for me so now it doesn't matter as much whether it goes up or down from here, however it's got to go SOMEWHERE because look at this setup (on log).
Will it go up or down? IDK but it has had such powerful upward momentum that it likely won't go down much if it does, say to around $10.30. And if it goes up, once it clears $12.50 it could spring as high as $25 before having a reversal.
What do you think?
Will it go up or down? IDK but it has had such powerful upward momentum that it likely won't go down much if it does, say to around $10.30. And if it goes up, once it clears $12.50 it could spring as high as $25 before having a reversal.
What do you think?