RE:RE:RE:RE:Rebuying traders in the $7.30s
Yes, holding. Just a small position. I'm looking at the hyper negativity and it's the complete reverse of euphoria at this point. We are close to capitulation and looking at Level 2, there's a lot of people waiting for it. But I don't think we've see capitulation yet although a few investors have given up. Full capitulation would leave no bulls standing.
If one pulls up the 1 hour chart, look at the lows from April 4th. We closed below the $7.51 support levels of the previous lows. But above the $7.29 day lows with today's $7.31 day lows. It's a gamble and not a "techincally good" trade. Professional traders would be in cash. And shorts are surely adjusting their stop loss on this stock. It's too volatile not to.
As I said, we are downtrending and we'll need a significant catalyst to return to a confirmed bull run.