RE:Quiet MarketZouZS3 wrote:
If the bids don't pick up anytime soon. We'll probably see a retail sell-off in the second half of the day. Clearly loosing momentum here! Could hold as well but with extremely volatile bipolar markets I doubt it.
Zou will likely find that he's wrong on that call.
The stock is hardly "tired", it's been trading in a very tight range on light volume all morning, after the best weekly move in several months.
It's only 12:35.
Better to consolidate in the morning and rally to close higher on the day than the other
way around.
The line of least resistance points higher, and I expect it to resume in that direction by the close.
It's Friday.
After a week of cosecutive higher lows up until today, today's low so far is 8 cents above yesterday's.
This stock couldn't be acting any better than it is.
I expect the close will surprise everybody.