Post by
Ghostinthedark on Jul 20, 2021 10:52am
We had a hammer candlestick
Low was $16.61 today....Could this be the low?? Could this be the swing high? According to Candlestick patterns, thr bullish hammer indicates a reversal of trend----as the price was rejected.
Let's see what happens...
No technical indicator or chart is the Holy Grail, just increases one's possibility....
Here is what I am expecting: A runnup of the sp into earnings on July 28....
Then disappointing earnings, and a selloff, back down to today's low or lower.
The other news that must be factored into the sp is the company's decision to issue more shares, providing stockholders approve.
We could see a price drop to $16..$15..$14... in the short term..
But WTF do I know...
Just speculating.
Comment by
Vinny57 on Jul 20, 2021 2:27pm
Ghost, I initially though you to be a "Dik" but....... you are bang on. Your prediction is more or less what I said last week. I said to buy a few days ago, sell prior to earnings then buy back in following the 28th. (maybe weeks after, then wait for the next leg up). We may not be well liked here ............ but we are right.