Congrats long termers.
Anyone thinking of taking profits? Nows the time if you are IMO.
Disagree that momentum traders will be jumping on board, chart is showing this is way over cooked now, think you might find it was the traders getting out in the later part of todays session.
RSI (circled) is now into the 80’s, way overbought and the chart now has 2 gaps to fill. Sure has been a strong breakout but it can’t last and in my opinion has run too far too fast.
Doesn’t mean that there is anything wrong with the company, they sure weren’t responsible for this weeks run, if anything, its a huge bonus for them as this weeks gains has drawn so much attention to the company.
Cheers
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