Did you watch Level2 at all? Are you in? Do you know what the float is? Do you use Intraday Charts on this board?
I have no reason to watch level 2 on this stock because I'm not in it. I have no idea what the float is and I don't really care. Yes, we have lots of people who post intraday charts on this board but the close is usually all we need to go by.
Obviously, you have some attachment to this particular stock otherwise you would not be so defensive based on a chart opinion.
Bottom line: This stock has almost ZERO history as far as volume goes. One day of good volume doesn't cut it...period. You can speculate all you want about what happened during the day with the MM's but the bottom line is sellers stepped in and took profit. Pinkies are not known for consistency in any way, shape or form. If you want to hold it long, that's great. If you want to flip it, that's great too.
I hope it runs great for you. But right now, it has no past to base anything on. Until it does, my opinion stands and I feel safe in saying that most chartists would agree.
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