Look at the relationship to announcements and the SP action.
High probability it will bounce and a higher probability that it will retrace thereafter.
This is an old chart that shows the relationship between announcements and SP action.
I don't have the time to update the Chart but if you take the time to correlate announcements to the SP action after the announcement you will find a very high correlation of the SP retracing shortly after the announcement.
JMHO I have only been holding for 5 years (PSD & PSDV). LOL
Would like to be proven wrong. Time will tell..
Good Luck.
Cheers, Brantley
PSD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.