Well, called this one wrong unless it falls sharply very soon.
I had expected this to have a sharp run up and then fall back to the 100dma due to the way it behaved in 2008/2009 bullish crossing. In this case, the sharp run up hasn't fallen back. The movement is really unlikely but none the less, it's happening, and I've missed out on about 20% after exiting with a 20% profit.
This move isn't even inside the 2nd or 3rd deviation bollinger bands any more.
Grats to all retain greens!
Well, as the other post says, a ton of shorts and also a lot of the big players have 5% or more.
But will this really just go all the way to 75 without a dip?
I still have a small deck holding which is doing great but I was hoping to put a lot more in on a pullback.
The current sma(100) is at 42.90.
The current ema(100) is at 45.81.
At this point in the timeline with both the 300dma and the 200dma now indicating an uptrend, the best reentry would be P1 which is at about 52.
With upside potential of 78 (or even a remote shot at 117) , you might just want to slowly nibble at it and not try to time it so much.
However, there is normally a market wide pullback after april 15th and before the end of may so that might provide the opportunity.