As the saying goes, BUY the RUMOR, SELL the NEWS. There are no rumors right now. The news is the shareholder meeting. No other news to keep this up after today until The CEO plan Jun-Jul. Which means this could trickle down back to the $1.30's. Barring a really good 2Q ER we could just stay in this $1.30 - $1.45 channel for a while giving swing traders with decent bank accounts a chance to make some play money. Otherwise stay long, stay strong
The momentum chart totally fell off a cliff, the volume totally dried up. The acc/dist dropped to -4M and the the MACD fell to 0. All signs point to the price falling off these levels. Yet the price is only 1.5% off the high of the day. $1.42 held nicely except for 30 mins where it fell to $1.41, which it has since recovered. I agree all signs point to this falling, yet it hasn't.