In a bear market high flyers can lose 75% of their value, like FEYE and SPLK. This market has been breaking down in sector rotation and the ones that sold off first are beginning to rally. That's why this market keeps going higher.
NMM is in an upward channel, and it just hit the bottom of the channel today. It should catch a bid tomorrow in the am.
I thought the same thing, until I found out about the EU cyber mandate. Over half of the companies there need cyber protection to meet minimum requirements. This is a time we should be buying this stock hand over fist.
The big green candle on daily and volume spike look like capitulation. There maybe profit taking on the double top. however, semi conductors will catch a bid tomorrow on APPL's beat. I'll play the sector, but I will follow the three day rule on SIMO. Its easy to manipulate this stock, with the games they play.