Post by
drbob512 on Jul 22, 2020 7:35pm
Despite dropping over 2 pts
to 110 today & closing closer to LOD instead of HOD, still rated A. Technicals remain mostly positive as not much has changed. Appears in consolidation mode, a ST equilibrium, a tug of war betw bulls & bears in the ST. Remember this had been around 99-104 when it exploded to 114-115, so a modest correction to reset supply/demamd balance is commonplace. Eventually the street gets used to each higher range it trades at, which allows for another blue sky breakout rally. ER is in just over a week & could be a catalyst.