GREY:XEBEQ - Post by User
Post by
tamaracktopon Apr 05, 2021 9:51pm
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Post# 32939574
Not a bad day though
Not a bad day though It's funny how the market plays with your head. Yours, not mine.
I'm sure most here would feel far more confident about tomorrow if the high of the day had been $4.24 or $4.25 , with a close at $4.22. That's not how it works. All in all, we can hardly complain.
I was hoping for a strong close today thinking there may be a rumour of news tomorrow, but that didn't happen, obviously. Although that doesn't rule out news.
I suppose some profit taking, or outright selling, was inevitable after coming from a low of $4.05 only 3 trading days ago. The selling in the afternoon today likely preempted sellling we would have seen early tomorrow anyway.
Plug and FuelCell didn't help.
Nevertheless a good day, and further confirmation of the trend reversal.
Personally, if I had to choose, I'd go with the trend and say this will go higher again tomorrow. Alot of supply between here and $5.50 was cleaned out today. It's even very possible we'll see some margin buying tomorrow for the first time in 2 1/2 weeks as well. Everything looks good to me.