its tough to say due to the fact we are hitting levels not seen in 1 year. There will be people unloading who've been holding over the last year.
I think we have consolidated most of those positions into new hands.
If we get past the .11 and can hold it today, a close in the .13-.14 is very realistic, with no news.
With the right news we may see a intraday high of like .16-.18 or more, but I think we would retrace to about .13-.15.
I would much rather see small steps taken daily, than 1 big rush and than the bottom drops out.
So personally I would like a .13 close or so on high volume and no news. That would setup great for the upcomming weeks news releases.
Its good to shake the weak hands out, (unless you get shook out) MM's have perfected this art, which is why you'll see constant 15-20% moves on low volume, as the MM's will take advantage of runs and gaps to increase there share counts.
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