Bounced back off $7.15 three times, could not penetrate. Also bounced up from $7
area a couple of times and did not break below. What does that mean.
Means consolidation in this area which is extremely important. We build a base in this area to make the next run up. Tomorrow and Friday will be important IMO whether we spend a lot of time in this area or go lower or higher in the next move. But today was very constructive considering the nice moves up the past couple months.
i agree this is 7-715 range is going to be a holding area until news, acquisition, or product progress update happens. Bought more at 7.01 today. In this for long term, plenty of powder still dry for adding to position.