Post by
GalAnonymous on Jan 14, 2021 9:10am
Consolidation looking to break .40
Last week we finally broke through the 0.30 ceiling of the past few weeks. This week we tickled this past year's .40 high.
At this point we're simply doing a bit of healthy consolidation, building up momentum to break through the 0.40.
Beyond this we'll be reaching regularly higher intradays - with regular consolidation pullbacks - until it reaches a target I can only try to imagine.
*It's someone else's post re. another stock I'm long on, but since I feel it really applies here I adjusted the numbers and posted it here, as I couldn't phrase it better. I hope that's ok!
Comment by
GalAnonymous on Jan 14, 2021 9:58am
Yes but it's kind of cool though that what was our ceiling (.30) looks like a new support level now. I hope we are done with the .20s and I do believe we can only go up from here. As for patience, I have been long on CBDT since March 2020 and I bought when we were below .10 so I'm very happy where we are at and I can easily wait another half a year or so.
Comment by
jrsloan60 on Jan 14, 2021 10:13am
that's a very short. Of time some companies take years just take a look at Apple Plug Power any of the big ones they build the base accomplish what they need to accomplish then when the breakout it's just not all momentum. Cash flow has to start happening. Or the momentum leaves