I sold my $1.93, 1.86, and my 1.80 lots ( all equal share amounts) this morning at 1.8901. Small gain (except on the 1.93 lot which will end up being a wash sale) but I think I might be able to buy again under 1.85 which was my average. My average now is 1.78, and about 15% invested.
I am also surprised by the spike early on, looks like the RSI had a second breath to run another round. But that was a nice move to sell at 1.87, well done.
The volume was a few 20-30k trades, 1.90 is still a resistance point and even though PAL pps is trying to move above I do not think it will make it. Early hours trading for PAL I have seen usually starts with a spike and then it fades during the day so despite the spike the tea leaves are not telling me it going higher today lol.
Why would you buy back at 1.75/1.80 when your "feeling is that we may get to 1.65/1.63 before some positive reversal." That's what you said yesterday. I totally disagree with your "feeling" but wondering why you would buy back at 1.75/1.80 when just yesterday you said it may get to 1.65/1.63.