I agree with CallandPut - with a typical stock I would say that it is overbought (shown by the Stoch RSI and RSI below) and that we can expect a small dip over the next few days. However, the buy volume is very strong and it could be hard to get back in. Even with the SPP dropping I think the CallandPut is right - a lot of those who bought the SPP understand the potential for this to go much higher. Let's assume that 10% of the SPP buyers (which is a high estimate) sell - that erodes the current sell wall to 0.022 without any extra cash coming in or SPP buyers taking an 8% swing at 0.024.
Even if it does drop - it won't be that far - and if you hop off it might be tough to get back in and you don't want to get off this bus and have it drive off on you.
GML Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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