Bad time to have decided to sell. I suppose when you are adopting a short term scatterbrained approach you can end up making mistakes. ADT bucking the market on a bad day. Good sign. It needs to rerate and consolidate higher. Even if it can find support above 50 cents that would be good in this market. The higher we can be whenever the next CR comes along the better.
One thing coppashaft was right about IMO is that this needs a good high volume upward move to help consolidate. We haven’t seen that since the first move but it has been trading strongly on low volume which is also a good sign IMO.
Most of the profit taking from the first move up looks to be done with and well behind us IMO and no one with any sizeable volume seems to be manipulating the price much for pip trading purposes, well at least from what I can tell. Esh
ADT Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held