Ok, here's my take,,,the 3.07 area is still support. I'm NOT a guru on the stix, however yesterdays candle doesn't look extremely bearish and I'm not that familiar with the three gaps thing. Had we closed red yesterday, then weeed be looking at a big red Hanging Man(which is bearish).
This all being said,,,the indicators are overbought, so consolidation is gonna happen at some point in the nearterm(within a week IMO).
That doesn't mean we go straight down, etc.
The last time we were in ta similar pattern(3/18-3/26) the upmove continued for 4 more days before starting consolidation.
Given the volatility thats happening now, anything can happen,,,lol.
For the future, if you're not a daytrader, go back to bed because the story is still intact and until it runs its course, there's really no reason to dump and run.
Ask youself the question, why did I buy this stock, then follow your plan with confidence!
Never bet more than you can afford to lose!
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