This pullback should not have been a surprise to anybody I posted last night: “The chart is starting to look beyond overbought but that hasn't slowed the buying previously so maybe it will continue at the same pace. I'm guessing a pullback is in the cards soon. Heck, there was a 13.4% intraday pullback today between 10:56 and 11:43 so it could happen anytime. Time will tell.”
The odds that a pullback would happen soon were very high. You would have known that if you knew how to read the chart and you understood investor psychology. TAAT rallied hard for several days with little material news that would justify that much of an increase in the Market Cap so a pause in the price run should not have been unexpected by experienced investors..
Now the question is “How deep will the pullback go?” $3.55 looks like a support level so maybe we have seen the low for now.