TA, page-334

This has actually had a surprisingly relaxed retrace.

Normally with this many retail holders there is much stronger volatility to the downside.

We only got to mid 50's and it was only for a day.

I was expecting to see a 15/20% drop in a day down to 40's/50's and for it to hold for weeks at that level.... As that is normally the best ploy to flush out as many retail holders as possible.

Whoever is buying was almost too impatient to just mop it up in the 50's and sent it back to the 70's within a week or two.

You've gotta remember, no one is out to make you money, people are trying their best to make money for themselves and even if unintentionally, the best way to do so is to take other people's.

Either scaring people to sell, or scaring people to buy (fear of missing out) are two tactics you'll see play out on public company's stock prices. The fun is trying to work out when something is a 'technical' scare tactic and when something has moved for a 'real' long lasting reason. The 'scare' tactics tend to have the share price return to its prior point, the long lasting movements tend to be the beginning of a new trend in the stock.

Since this hit 80 the first time, all movement has been 'noise' bouncing around, abit up, abit down. Waiting for some real direction. Still could go either way, but im strongly betting it will go up again eventually.