Nice end to the day as OPEN finished at $21.60. A couple of larger buyers came in late and created more FOMO. Tomorrow morning should be interesting.
As you can see from the chart below, volume spiked in the last hour. I use Tom DeMark's Symbolik software during the trading day but it's still in beta and doesn't offer log charts so the attached is from Bighcharts. Striking bookend volume spikes from the selling beginning late Tuesday, early Wednesday to the buying late today.
This last week isn't a chapter, just a thrilling paragraph in a good novel. I'm looking forward to more.
Although I was a day or so too early with my cautionary post, resistance is holding for now and we've been pushed back a bit below the trend line. For now I'm not concerned as we went up more than I thought which likely created more short sellers than we'd normally encounter. Earnings coming a week from Tuesday. Action in the few days before that should give us a hint of direction.
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