So.....today was a pullback? This stock is still VERY UNDERVALUED!
This value play does not want to give back much of a 50% gain. This tells me more upside to come and soon. The technicals could not be better. Any one who tries to short this stock will get torched. The volume validates the move up as does the MACD, candles, 5 day moving average, parabolic, RSI, etc. Not one technical indicates this move is over. Only about half way up according to all my years of trading. Calloptions are difficult to purchase as well since the spread is so high. and volume is light. Anther indicators of more to come on the upside. Just my thoughts....not recommendations given.
The pull back is refreshing and short lived. Volume spiked when it went below 7.50 as big buyers or buyer came in to sweep the shares. $8 is a bit of resistance that needs to be taken out. We will see some consolidation around here before resuming up.