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hopester

12/30/20 8:33 PM

#31634 RE: Good Timer #31630

the stock moved to a high it hadn't seen in a decade or more. It did so on heavy volume. Those buyers from this height have a chance to get even as their disappointment after the buys is in play.
the stock fell and now is struggling to recover. That shouldn't be with a stock on the move. Quite different from its orbital move that got it here.
when it made its move the indicators were solidly positive. Now they remain positive but are showing weakness.
The stock was not Overbought ( by way of the O/B O/S indicator). when it reached the Extreme state of O/B it started to pause and drop. That's at least a sign . Now its Overbought but not extremely so but it surely isn't Oversold.
It may not be clear to some but it is to me. I'll stay with my call until the Technicals change.