DAVIDsTEA (DTEA): Overbought, Correction, Volatility DTEA has gone up a lot over the last weeks given that it was at C$0.30 - C$0.40 a few weeks ago, so it's technically overbought now at C$0.60 and some will most likely sell to lock in their big and quick profits in the next days. Even if they do not sell all their shares, they will sell some of them. Therefore, a correction is very likely in the next days or weeks.
And if we experience a market correction in the next weeks, the negative sentiment will weigh on DTEA's stock and even more will dump DTEA to accumulate cash. No question about it.
Therefore, high volatility is a sure thing in the next weeks.