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clock Created with Sketch. 08/03/19
10:50
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Originally posted by Stanley51340:
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So it appears that the accumulation trading pattern has completed and the price is now moving into progression. The upward trading limit cannot be determined at this time, at least from me. It will be interesting to see if profit taking enters the picture. At this time my TA on that is 50/50. My approach in this situation is to allow the next 5-10 trading days to give me a better idea. The one BIG caveat here is that we are dealing with a stock that has a very small "float". Any kind of positive news could cause there NOT to be an orderly pattern to emerge but rather to abruptly send the price much higher. I abandoned Fundamental Analysis, news and rumors a long time ago. Those in the know cannot hide their intentions for very long.
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In the few minutes before today's close on the Nasdaq, the PPS dropped from $1.85 to $1.75. Not sure what to make of that 10c drop which was significant as was the daily trading volume of 226,237 shares.
