The momentum suggest further downside with BBs expanding sharply down.
The daily chart looks like (as others have called for) we may see a another push down, price seems to be testing for a shake out to .260-.275 - silly cheap shares for the smart money. This appears supported on the weekly also.
We've seen a textbook dead cat bounce on the weekly.. ('reality show' level macro events to be considered ofc, the world is being punked right now)... but still, this sell off is nothing short of CRAZY, with results inbound (and our valuations climbing wherever you look).
Un-effn-believable,,, but it if it happens ill be pouring in what little I have available and risking it up to the eyeballs.
Could Matt have contributed to the boat load of selling? Wouldn't be irrational whatsoever to build a cushion, depending on the situation?
People complaining about management silence though.. to me silence says they aren't worried, I believe (entire intuition / suspicion) they almost expect the action we've seen.
Today appeared promising. We need to see confirmed resistance soon, and trend back to .36 on the weekly prior to results.
All will be revealed soon I suppose. Good luck! as we all collectively manifest these valuations coming to fruition.
BOT Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
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