RE:RE:IBBFor The TA people on this board I don't think this is rocket science. Has been trading in this recent cycle between 47.6 and 53.75. From a charting standpoint when we broke 54 should have run to 62-64 if it held that position for a couple of days. It didn't so we are back to our old range. We got a TA head fake.
i have seen pineapple show his face on other boards. Definitely a shorter and when you see him pop up stock normally drops. I guess the TA short group saw this head fake and sold
low volume today as at 48 most retail buyers are scared and shorters know they are at the bottom of the range so don't want to sell anymore but not many shares being offered at this price.
if you are long we are at the bottom of the range so add. The odds are you will be happy in a week or two.
new to the stock and board (started buying at 29 a month or so ago). Definitely long.
have a great weekend all.