Trading is not like it use to be before high frequency trading, quants, and algos.. essentially computer trading that the average retail trader can't compete with. esp with moves like stop loss hunting, etc. etc. IMO, it's why you see these fluctuations. Old eastern candle stick patterns/western fundamentals don't really apply anymore thanks to computers. This is a whole new ball game I hate to say.
You've got to be savvvyyy. These days, you just have to look at the financials, management , etc and if the POTN is really doing the revenues they say they are doing, which to me looks like they certainly are, backed by a product that the consumer is really liking,then that is what you speculate on. In the end that is what we are all doing essentially, speculating....
Just my 2 cents.
Peace!
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