Bullet Point – Good Volume
Whether we can say that the equity will not dip down is a bit early, but indications from morning trading are that this equity wants to consolidate in the $2.70’s. I think it will test $2.80 a few times today, but in the end if this early volume has not taken out that price point, it will be less likely to do so today. Watch the equity closely at $2.80.
More like it needs to get past $2.81? Hit it once. Think really $2.81 and breaking past that pps is more the key. I know i’s only a penny but still…
Jessee….
Debating a penny is not really material. Depending on how you develop and interpret your technicals you could be at $2.79, $2.80, $2.81, or $2.82.
The 13 and 20 day EMA’s sit at $2.78 and $2.79. I give those weight. If the equity can pass both of those, which it would do by hitting $2.80, then we have something.
what’s your take at this point spencer….25 mil 2.78 2.79??