GREY:EORBF - Post by User
Comment by
electrowingon Nov 30, 2012 2:12pm
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Post# 20667956
RE: Call it intuition or optimism
RE: Call it intuition or optimism Keep in mind, this stock has topped at $2.90 twice previously, and pulled back ~ 3rd time was today. A lot of people trade here without fully understanding the fundamentals, or even the local catalyst, so you can expect some resistance at $2.90, as day traders set their sell orders in a historical trading range. Personally, i believe we will destroy that artificial $2.90 resistance point very soon, if not today. After that, i don't expect much resistance below $3.50. My 2 bits of speculation, for what it's worth (reputation "1" :)