Fridays almost always have a drop because people dont want a weekend hold.
So yeah. likely that RYG will probably have a decent drop tomorrow because more than a few dt/st probably bought in thinking it might bounce. Which it didn't.
That and most of the sells were off the page so the depth is irrelevant. They could come for days yet or be finished.
That changes nothing about the fundamentals of the company. It still looks like a good buy. It will go back up.
Problem is, that the people wanting to buy in, and send the price back up in the meantime. Will likely want to wait until they feel it has hit bottom, because every penny saved is a penny earned.
That does not change where the price could be in 6 months time or even 3 months time. But next week. Could still go down. But that is not necessarily doom and gloom, unless your a DT and need out or your thinking of selling out before christmas etc.
LT holders are still big winners. Especially if it drops into the 3's and they can top up.
RYG Chart, page-2309
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