Post by
cleareye on Nov 14, 2023 1:42am
High volume at support
The share price hit a high of around 2.20 last July 4th, and then bounced off support at a low of 1.78 for a few days before beginning a journey to over 3.00.
Now, we're back at that support of 1.78, showing high volume as sellers have shown up. November tends to bring out the sellers after quarterly earnings reports.
This company is really showing promise with positive increases in key measures on the Income Statement. The Balance Sheet is being realistically cleaned up. The float is very low.
We'll see if the $1.78 level holds.
Bouncing from here would be a very good sign.
cleareye.
Comment by
cleareye on Nov 17, 2023 8:00am
I allow myself one prediction of support, and this one broke. There is other support at levels nearby but only a fool says "cross this red line",then, "okay well, how about, do not cross this new line." I can say that I bought more yesterday. This is definitely oversold. As a thin trader it's hard to predict the next steps. cleareye.
Comment by
cleareye on Nov 20, 2023 2:46pm
I broke any support I had in mind. Looks like a descent into tax loss folly. cleareye.