Post by
Starsearcher80 on Aug 17, 2022 7:01pm
THOUGHTS ON THE DAY
Interesting day. So no breakthrough yet on the $34.30 level. Personally, I thought the third attempt would do it, but no. The retracement today was a little more than I had pictured, but then again it isn't uncommon when the stock has risen so strongly and so quickly. Volatility is the norm during these periods, and as much as we might want for the stock to just go up, it doesn't work that way. No need to post examples here, as I'm sure we have all seen any number of stocks retrace only to go higher soon enough. For myself, I've taken a large position that has already seen some stunning gains. No ambition at all to trade this one at all, and happy as can be to sit back on this and enjoy the ride. There is substantially more money to be made, and I maintain the broader run is still only just getting started.
Comment by
Form001 on Aug 17, 2022 7:24pm
SPX index touched MA200 yesterday and top May first 4307. Today down under MA 5 and recovered, next step 4450 and 4650. Hoping 4650 before Powell September 21. BBD should top 46.00 in this 2 targets. IMHO