Just a portion of interpreting recent trading range, predicting some traders behaviour and reaction to sp direction reversals and a good amount of gut feeling.
People don't want to miss the boat but are unsure about the stock at the same time. So, just 1-2 lines up causes a buying frenzy, 1-2 lines down a panic selling.
The limited amount of shares makes those 4-6 line moves possible. Same was at CGM regarding share numbers and the behaviour can be checked out every day. Yesterday here, today NEU and look at the range from QPN from yesterday to today. Plus 6 years going through hell and a bit heaven taught me many lessons.
Look, 30 minutes ago 3.4 was thrown away, now 3.7 gets chased. Need more proof ?
THR Price at posting:
3.6¢ Sentiment: LT Buy Disclosure: Held
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