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The stock rose and now has dropped back again. Does anyone know what is going on?
It's called price action.
Stock has formed Darvis style pyramid structure in price increase level offs, centering within approximately a quarter of each level at 4.50-5.00-5.50 (How I made 2 million in the stock market- Nicholas Darvis). 5.35-5.80 is a fair bet for Monday. Small volume is a bit different than what Nick described. He described rising volume, but with the insider trading, perhaps that's the rising volume that can pay off on this stock. With small volume I'm looking for a small rise in price Monday to repeat the pattern. Bought at 5.43. My stop loss is 5.24, rise to 5.75. That's me. You do you.
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