Post by
jboom70 on Aug 19, 2023 8:15am
Question
Now is will we get follow through!
Comment by
jboom70 on Aug 20, 2023 7:05am
I'd like to see the sector bounce together but it seems it's peers did not rally with volume the same way, which makes me suspect of this run. If the buying slows this will have a whole new group of sellers dropping it under $20. Volume in the sector Monday will show direction.
Comment by
BayWall on Aug 20, 2023 12:00pm
I agree. Unless there is something specific to the company, the sector must move up also. I figure it must simply be some portfolio rebalancing going on. The same factors which brought the sector down still remain in place. High interest rates, supply chain bottlenecks, inflation, etc. So some caution is in order.
Comment by
jboom70 on Aug 20, 2023 5:01pm
Dropped under the 200 day paired with an article saying it was cheap floated on trading view.
Comment by
BayWall on Aug 22, 2023 12:40pm
Tempting to jump in looking at the chart. The weekly NVI just bouncing off its long term trendline. I would like to see weekly RSI pass 50. Not overbought, nor oversold. Yet US 10 year treasury bills moved up to 4.3%. Bargain hunters maybe? https://schrts.co/wiFINRQS