QUOTE(Boon3 @ Dec 16 2013, 11:18 PM)
Today's trading is a bit tricky.
As you know, stock shot up strong up strongly, went as high as 117.
When you put Friday's opening price of 101 into consideration, on one hand, we know the stock had gone up too much.
And as expected, stock pullback and closed at 110.
This is where it gets tricky.
One could say further pullback is possible, stock needs to digest 2 days of strong gains.
One could also say that today's pullback was well absorbed.
The volume since last Tuesday is suggestive.
This volume is much, much stronger than few months ago...
Which suggests that perhaps this is just the start of a new game....
And if the stock continues to stay active, I won't be surprised to see higher stock prices in the future.
My 3 sen.
So you gonna buy or wait for pullback? As you know, stock shot up strong up strongly, went as high as 117.
When you put Friday's opening price of 101 into consideration, on one hand, we know the stock had gone up too much.
And as expected, stock pullback and closed at 110.
This is where it gets tricky.
One could say further pullback is possible, stock needs to digest 2 days of strong gains.
One could also say that today's pullback was well absorbed.
The volume since last Tuesday is suggestive.
This volume is much, much stronger than few months ago...
Which suggests that perhaps this is just the start of a new game....
And if the stock continues to stay active, I won't be surprised to see higher stock prices in the future.
My 3 sen.
Dec 17 2013, 12:00 AM

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