MORE FOMO retailersI am all cash again. After 4 days of pump of the volume, gapper's, we have a bearish reversal..
The first major support is $7.16.
Stocks never go straight. They stair case, or move in waves, or peaks and vallleys, retrench, or pull back---anywhere from 30% to 50%..,,
The President-elect reninded everyone today that the vaccine is months away.
The irrational exuberance is gone---as we know who is the President...
We have other major support at $6.50... $6.25...or so
I am waiting patiently to buy back in a hold 2,000 shares under $6.000, between now and earnings.
Major support at 200 day moving average---around $5.800
And I will swing trade a few thousand more..
Don't argue with me pumpers, retailers, bagholders..
Learn how to read a chart on the daily time frame. Learn Technical analysis, like moving average. Learn the fundamentals.
Nothing has changed findamentally on APHA since most recent earnings, except FOMO is back...
Watch the shorters and day traders kick the share price down.
Never chase a trade.
Never allow emotions---such as fear of missing out- influence your decision.
Don't become a bagholder. Smart money sold at the Gap up of .800 plus cents today,
The gap up is always for selling.
If you are holding the bag after today's pop, you must learn the basics of stocks--entry, exit, risk management, charts, technicals...
Lots of bag holders today...
I am "a swinger" looking for another uptrend at $5.8...,,