Gaps work in OPPOSITE directions too people!
Yes the downgrade is worthy of a sell-off ... but IMO the market has ovesold it. The stock began to be rejected at the 65 cents high, with a selof to 55 cents before the TH. So it is obvious that the market was factoring in a fall already.
Today's drop is too much IMO ... I am in at 30.5. My target is the gap fill price at 55 cents
See you all there!
;)
the gap will be closed ... i am in
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