Post by
Nevergiveup9 on Jan 04, 2021 2:11pm
Too Fast.
This fast jump is a dilusion for day traders. Always happened in the past when the stock jumps above 20% it corrects next day to 5% for the day. Luckily there is no gap up in the chart. US markets are down and canadian markets are up. Could be a down day tomorrow and stock price might retract back to .70.
Comment by
glasrado on Jan 04, 2021 6:42pm
Daily Charts need to be corrected at .62 and we don't know why this unusual jump. May be the 2nd. tranche of financing is closed at .35. Just my honest guess. Anybody want to comment?. We need to be very carefull in this kind of situation. I have been burnt out in similar condition with other stocks.
Comment by
glasrado on Jan 05, 2021 11:44am
Thank you for the update. We believe that this is just the beginning and I like weekly chart.