Nice work @vontrader
You were onto that a couple of weeks ago when it first had volume - I am just guessing - ?
As usual you have posted your ideas and research - picked another winner-
Just thought it might be a good weekend research project for those that are interested-
Now firstly don't rush out and buy it first thing Monday morning newbies after a spike like this pays to watch and see what it does now - often a big spike like this after a news event will create a lot of interest- stale holders will use the opportunity to get out if they have been stuck - which is likely, because of the previous spike- however if the acquisition is good and has potential - after a backtest it will then rise accordingly - now this is the time that you check the facts-fundamentals cash balance etc-
Also a good example of the Wykoff theory
I had to go out today - so no trading- I stuffed everything except one goldie back under my mattress on Thurs- US Futures looking a bit nasty -
I like your style @oldfluffy YUM sizzling prawns - thought it was exceptionally clever to switch the water with some vodka yesterday to go with the carrot sticks
Plenty to investigate over the weekend and see what happens next week -
