Retracements

I was having a look at SOR tonight after the market close with us being down 22% on yesterday's close but still up for the week.

One thing that struck me is SOR has had a brief retracement of 7% or more of each of the last 5 weeks.

Prior to Christmas we had a retracement of 9%
On New Years Eve the retracement was 7%
On 7/1/2021 the retracement was 15%
On 13/1/2021 the retracement was 11%
And today the retracement was 22%

Yet with all those retracements we are still up. From the close of 15.5 cents on 22/12/2020 to today's close of 72.5 cents the share price has more than quadrupled in the last month!

On this basis you would have to think we would be looking at a rise tomorrow, given the very strong rise since the previous retracement it is very doubtful we would return to the 90s tomorrow but getting back into the low 80s is realistic.