Post by
JonEcash on Jan 28, 2021 7:29pm
Technically
this looks like it's going to close the gap at $1.42, and possibly overshoot down to $1.20, where a new base will probably form. Sucks for me since I backed up the truck in the mid $1.60's not thinking we would get this low with so many positive developments. Not trying to scare anyone, just being realistic and thinking we longs should be prepared for it. The shorts were really working hard based on the charts, and I'm sure the short data will prove out an increase in short position. At least we will unwind the overbought indicators.
Anyway being down a few dimes won't matter when the end-game value is in the multi-dollars. This situation is just as it was this past decade: with SVA's share price not getting it's proper due. Except instead of $0.10-$0.30, its like $1.20-$1.70sh.
GLTA.
J$
Comment by
Redbaron2211 on Jan 28, 2021 8:29pm
JonECash does feel like the 1.42 gap wants to fill. With more attention brings more technical traders so it should become more significant. Impressive consolidation so far and by next week if volume/sp sustains like it has we will be close to half the float traded around $1.50. Well supported for a push into the 3-5$ range.
Comment by
rixpix on Jan 28, 2021 8:38pm
Thanx for the TA analysis, JonE and RB Was never good in reading TA charts. Glad to see them analysed here. Glta of us...
Comment by
Redbaron2211 on Jan 29, 2021 10:39am
Gap was actually @ 1.44 and just filled. GL