Pullback?Genuine question (I'm new-ish around here):
Seeing the big gains TVE has made in the last week, and everything that has been said on the board and elsewhere: Nuttall and his positive mid-long term outlook on this stock (which seem trustworthy, imo), will there be a pullback soon before more gains?
When there was a jump in early Dec of about 33% ($0.93 on Dec. 1 -> $1.41 on Dec. 11), the price pulled back slightly into end of the month and then was relatively steady through end of Dec and Jan (minor fluctuations, though).
Here we are again, with a larger jump of ~60% from beginning of the month to now. I suspect that the peak at $2.15 yesterday is about as far as it will go for now, and I wonder if $2.00 will now become a new resistance level for next while until things begin to move again. Or should we expect things to settle around $1.90-ish? The pull back after Dec. 11 was about 9-10% over the following 11 days.
Or will there be no pullback and everything will keep going up?
Just looking for some thoughts on this.