RE: RE: RE: RE: Anyone want to explain theTechnical indicators are currently showing overbought. Profit taking is to be expected.
Overall trend is up.
21 dma and 50 dma are rising, so short term and midterm momentum is up.
200 dma shows overall momentum is good.
Nobody is working the price. Maybe someone is trying to keep it down a little ... but who cares. The thing went up like a rocket to almost 100% gain in less than a month ... and stocks won't do that forever.
My point is, who cares if someone is "working the price". Technically it's good, fundamentally it's a bit risky but has as good a shot as any to do something with what they have. They have a decent story, management is reasonable and accessible and they are following through with their targets. That in itself adds to the credibility.