I still think a few drives to sub 1.2 could happen, but the buy windows close at that range up super fast so I suspect the support level is very close to 1.2 now at this point and rising.
As I said though, it's a stochastic buy as of yesterday and a lot of traders will know that. Combine that with the threat of overseas expansion news etc I consider the upside potential higher than the downside risk.
It would all be a different story if the company was losing money hand over fist and didn't have a healthy cash position / needed more CR.
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