GREY:XEBEQ - Post by User
Comment by
tamaracktopon Mar 31, 2021 9:16am
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Post# 32912812
RE:Technically, the best day in 2 1/2 weeks
RE:Technically, the best day in 2 1/2 weekstamaracktop wrote: Open $4.26, High $4.27, low $4.05, Close $4.23.
A successful test of the closing low, and a muted upside reversal.
The sector as a whole looks like it's put in its final low, which doesn't hurt. Did everybody notice Ballard filed a shelf registration today to sell up to $1.5 billion of shares at any time? Ballard was up 7%.
If money on the sidelines is waiting for hard eveidence the stock has put in its low, today could well have done it. Two and a half weeks makes the timing just about right. $4.50+ tomorrow would pretty much prove it.
I kind of liked the looks of those 50 trades totalling 256,000 shares at $4.23 right at the bell.
Those 256,000 shares were buy orders. The stock went from $4.19 to $4.23 at the bell. Hopefully we'll see some follow through at the open.
It's too rearly to pay much attention to the $4.24 bid