Post by
tamaracktop on May 20, 2021 12:39pm
This is the lunchtime lull
The stock isn't pulling back after a big early move, it's consolidating. Digesting. I don't know about you people, but after the strength and volume we've seen this morning, I doubt the stock has reached equilibrium yet today. Things should pick up again around 2. No matter which way you cut it, the opening was a breakaway or runaway gap. One that is very unlikely to be filled. The low is in and the market knows it. A dollar downside vs who-knows-what upside is pretty attractive from a risk/reward perspective. The close should be very interesting. Maybe we're back in the good old days, when a bank sets a one year target and the stock hits it in less than a month.