Just a guess, but we are between quarters on a thinly traded stock that went up handsomely.
Being between quarters means not much news until the next financial report that will reveal growth rate and help forecast future targets..
Enough investors/traders are taking profits to push price down. It will likely continue until it is thought to be undervalued or news comes or financials are anticipated.
Still waiting for the signals before I jump back in with both feet.
At least that is my opinion on the matter. Everyone should do their own dd and follow their own plans.
Going up 3X and retracing 30% so far is very reasonable. 50% would be a steal IMO. For now 50day would seem a low target if it even can dip that far.
It's original IPO price was $7.50 18months ago.
Being between quarters means not much news until the next financial report that will reveal growth rate and help forecast future targets..
Enough investors/traders are taking profits to push price down. It will likely continue until it is thought to be undervalued or news comes or financials are anticipated.
Still waiting for the signals before I jump back in with both feet.
At least that is my opinion on the matter. Everyone should do their own dd and follow their own plans.
Going up 3X and retracing 30% so far is very reasonable. 50% would be a steal IMO. For now 50day would seem a low target if it even can dip that far.
It's original IPO price was $7.50 18months ago.
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