Parabolic moves in stocks with actual reality behind their "story-stock"status seldom go up big for a single day, only to collapse. Generally, there is more to the run leg of each step up the staaircase that is their steady move up. Usually happens in steps, with a step part and a consolidation of partial retrace step. So I'm looking to see a second day, at the least in this particular parabolic.
Thats said, nobody ever knows ahead of time. thats what makes it "risk".
There is a tendancy to treat the round numbers (like 2.00.... hint, hint) as though they are barriers of some kind. As an abstract loguical thing, it really makes no sense, but it is what it is, and we are bouncing along, pushing 2.00 repeatedly. It needs to clear 2.00, treating that price as a zone, not a price of 2.00.
I always think of such break-points as though it is planetary gravity. It's like 2.00 is the scientific line in the gravitational sand, but in actual fact, each cent above is an attaining of incresing sepparation from the gravitational pull that could pull it back.
Just a way of looking at it.
I hope it moves on up, but who can say?
Stay tuned.
Imperial Whazoo
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