It had an asynchronous double-helix counter reversal set up on low volume with market makers pushing it around. This fully explains the move today. From here it could go up or down. Whatever it does in the future, I will provide you an explanation that can be neither proven nor disproven.
Lol! At least we now have a resource
that will be our "go to" guy in the
future. Thanks for the "reazor" sharp
Guess it wasn't the Coiled Spring I have
been identifying since last week. Humph!
I went out of S, put into MCP, MAKO, AEM, PANL...although I think S is outta the funk ....I see bigger potential in the other 4 that i mentioned especially MCP (since JP morgan up their 1 year target to $81 bucks, which is more then 3x it's current price)
No news, MM are playing with this stock now. This should close at 2.63 at least by friday(pobably pull back to 2.50), and should go up to 2.80 before it pulls back again. Look at the chart, just the pattern forming after that it will either spike up to 3.00 or drop back down slowly to $2.30, no one really knows since the MM and HF control the prices with their $$$. Regular folks like us have no say in it, you just hope to be there for the ride or be out if they decide to short it. Long as market stays positive overall, this stock should slowly go up....I'm guessing this stock will sit around 2.60's next week before it moves slowly up or down again. Good luck to you long holders
Somebody had a big buy order in. You could see it on Level 2. Looks like whoever it was got his shares now.
What's really cool is he pushed a lot of the sellers who were ready to sell at 2.60 out.
You could see those sellers waiting to sell at $2.60. I thought the real resistance was $2.50. Looks like it was $2.60 all along.