GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 16, 2020 10:30am
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Post# 32118110
Excellent
ExcellentThis is very good. Probably about the biggest pullback you'll see in a stock this strong is about 5% ( give or take a couple ) before buying emerges. 5% off the high puts us at $7.31, so anywhere down around here looks pretty good. ( $7.20 now )
Notice how fast it recovered to unchanged from the low at $7.11 this morning? I'm really liking the fact that this is coming on light volume.
I have no idea if it will recover to close higher on the day. Nobody does.
When it does start to recover, today, or tomorrow, or whenever, I think the volume will pick up again, and the recovery will feed on itself. I doubt it will take too long to challenge new highs again. Good stocks tend not to accomodate the masses.