You guys no doubt already know this but from a TA perspective the gap from last Thursday $4.80 - $5.12 has been all but filled with the sp reaching an intraday high of $5.10 today. There is a good chance of consolidation at this price point imo but also would not be surprised to see it move up again from here
Since listing the chart has formed a rough cup & handle formation which has played out very well imo leaving a floor at $3.50.
Daily slow stochastic is starting to point down from overbought area. Could just as easily continue in overbought area as it has before imo. Given the sector is hot atm as well it may have further to run after what appears to be a big TA move to perfectly fill the gap.
From observation it appears this stock often gaps up and in some cases the gaps have not been filled. I just hope it doesn't go back to fill the rest from recent weeks.
PVA Price at posting:
$4.82 Sentiment: None Disclosure: Not Held
