well he's likely just going off technicals, just based on his little sign off nod to mr Bollinger himself.
Bollinger bands are a tool that is based on the principal of mean reversion. Given his indicated price target and a romantic attachment to mean reversion, I'd say he thinks we are about to repeat the prior trend
I personally think that the game has changed a little too much over this period to make this call (e.g. we now have a submission with the FDA and a few new types of traders on the block, albeit with GG possibly still gobbling up (I think he still is based on my theory that 400k~ shares on the bid each day is them)).
If i had to join the tea leaf reading club: I can see that we did a little bit of a mini elliot wave pattern to the upside, so could just be some pullback with maybe a dead cat bounce to go before taking back off again. i'm just holding either way now and good luck to traders
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Last
$1.49 |
Change
0.140(10.4%) |
Mkt cap ! $1.701B |
Open | High | Low | Value | Volume |
$1.37 | $1.54 | $1.37 | $23.10M | 15.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 24758 | $1.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.49 | 73626 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10033 | 1.485 |
4 | 53700 | 1.480 |
1 | 770 | 1.475 |
3 | 62048 | 1.460 |
1 | 50000 | 1.455 |
Price($) | Vol. | No. |
---|---|---|
1.490 | 21995 | 1 |
1.505 | 24000 | 1 |
1.510 | 13666 | 2 |
1.515 | 99798 | 1 |
1.520 | 27250 | 3 |
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