GREY:XEBEQ - Post by User
Post by
tamaracktopon Mar 02, 2021 10:14am
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Post# 32694019
You'd have to be off your rocker
You'd have to be off your rocker You'd have to be off-your-rocker to sell this stock this morning, as opposed to risking a bit and selling it towards the close, if at all.
The low on February 23rd was $7.61. The stock traded as high as $8.81 the next day. Today's low, so far, is $7.69.
It's too early to tell, and I don't want to jinx this, but any probing of the $7.61 low, followed by a firming in the stock price, or any decent rally from here, would certainly qualify as a successful retest of last week's low, one of the conditions I've previously suggested as a possible signal the stock has put in a meaningful bottom.
A successful retest here would be a solid foundation for renewed and sustainable strength.