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Friday, 05/10/2019 5:59:17 PM

Friday, May 10, 2019 5:59:17 PM

Post# of 34641
3 WEEKS in a row now, stairstep up, higher highs and higher lows.

3 weeks ago, on 4-23, we had that week's low of $5.01.

2 weeks ago, on 4-30, we had that week's low of $5.05. (a higher low)
2 weeks ago, on 5-3, we had that week's high of $5.44.

This week, on 5-7, we had this weeks low of $5.27. (a higher low)
This week, on 5-10, we had this weeks high of $6.08. (a higher high)

We just need this slow and steady stairsteps up to continue with higher highs and higher lows.

We're up 20% in the last couple of weeks, so NO, that will not continue at that pace.
BUT, we don't need it to, slow and steady stairsteps up to continue with higher highs and higher lows.

Higher highs by 20 cents a week, fine.
Higher highs by 10 cents a week, still fine.

Being up 20% in 2 weeks, we know at least 2 things.
Some of that 20% up were the shorts who shorted under $6 buying to cover.
And about the time we hit the mid 6's, a new round of new short positions will come in and shove it back down some, which will be a short term blip in the slow and steady stairstep.

More mutual funds buy in: higher highs and higher lows.
Coming news and PR's: higher highs and higher lows.
Short sellers finally giving up: higher highs and higher lows.

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