Bull run to be confirmed! Watch out bears!
Some of the biggest volume we have seen today with over 33M shares traded already! At this point, shorts who know how to trade would be likely be covering just on volume strength. We are going to hit their stop loses which will further fuel the bull.
True ACBelievers would be averaging down and insiders might also be contiuing to buy to help with the bullish convictions.
The bulls appear to be ferocious. As I said to schonor, greed is a human trait that needs to be managed by both long and short players. We saw it at $15 when bulls could see no downsides and we're seen it yesterday when bears could see no upsides.
If I was short, I would buy. If I was on the sidelines, I would probably jump in. And since I'm long here, I'm holding until the charts tell me otherwise.
I except the TA indicators to continue to turn bullish, one at a time if we can maintain this bullish volume