No kidding! The scale of this is super stretched since it's coming from the $40s. It feels like a mega-runner to folks who bought the bottom, but bagholders from the top are still down like 90%
Look at how long it was in breakdown on the daily. (Blue part of RSI) It's like a ball held underwater, it'll pop back up when the pressure's taken off. But imo this company's fundamentals are bad so I don't know why it would hold any of its gains in the long term.
If you're looking to enter, trade with caution as most of the market is red today. The bottom could fall out of this if buyers hold back.
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