It's pretty hot that's for sure..but being that the EOD Friday, showed so much strength closing at the new HOD again it should set us up for a pretty solid push to .03 early tuesday. At which point we'll see some profit taking kick in again, as most that wanted to sell on Friday had them on the ask before the EOD push.
After that, it just depends on how much attention this gets over the weekend...Thinking back to Vape in Dec, folks didn't really start going crazy till we stayed above the .05-07 range. IMO if we see another day like Friday, with only moderate pressure early we'll do more or less the same thing all day that we did then....sideways with a few whacks and then another EOD push.
If it keeps going that way IMO the RSI may not get a chance to cool off...as slow volume has been REALLY strong..as you saw on Friday..it seems like most here realise what we're on and are holding out for bigger gains.
However, I think if we get enough attention here before Tuesday, we could see a big pop on Tues morning..maybe a 10mil share open in the first hour...then we'd see a big pop maybe .035-.04, followed by a lot of profit taking on the short term and then consolidate there for a few days before pushing back to the .04-05...
It's a really tough call...It really just depends on how much of a push we see on Tuesdays opening bell..but the last 8-9 days have been really really strong..and I feel like that's going to continue based on the fact that even folks that are flipping are likely keeping their core position intact, knowing .10 is coming within a week-10 days imo.
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