Friday, May 17, 2024 8:23:12 AM
after the nice run it made, going to be interesting to see if the longer it 'sits' flat if holders start to get impatient and start locking in
their gains. Especially IF it starts to show thats happening and it becomes self feeding into a pullback.
A friend and I have been trading shares the last few days in a take what it gives approach. He has gotten
a bit enthusiastic expecting the buy low sell high is going to keep working out. And it might if he takes what it gives
vs 'seeing' how much he can get by just holding out for a little more.
But my primary momentum indicator has gone negative, and another one is flashing a warning that
it too could turn negative. But thats to be expected in a CONSOLIDATION phase.
Too early to tell if thats whats going on, but if it does get a foothold, going to be interesting
to see what the share price does (run flat, pullback some TBD'd)
Disclaimer: own none, traded shares 2x now after the big run up.. Looking to try again today..
But being patient not to trap myself..
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