It's fine. This is a good spot to be for the next leg up. The "chart" (in other words, the big holders from the much lower prices) needed to lock in some money. The "Chart" is just a statistical representation of factors relating to risk/reward, stability, and direction. You're just seeing consolidation mixed with manipulation. The volume is nice today, and we are now on a bit of churn until the sellers completely dry up. IMO, we are undervalued here. 10 dollars per share? No. but 3.50 to 4.00 by EOW is a good bet after today's trading. All these buyers are looking for a 50-150% increase minimum. Those are the types that flock to low float, small cap equities.
just my 2 cents. have not even opened my TD account the last few days. this is what the week needed.
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