The next couple of months may be boring, or maybe will be exciting. We just don’t know now. OFC we knew would probably be exciting. Now who knows?
We are up 100% in the last 6 weeks, but the selloff recently shows the stock isn’t ready to move up yet for traders. It couldn’t sustain the move upward.
Traders almost certainly would prefer something in the mids 5s for a more certain successful trade in the short term. Will they get that? Or will the resilient retail prevail in the short term?
Longer-term still looks hopeful. I’m only talking to traders here.
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