Welcome to the board UK guy. That price points
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Posted On: 02/11/2020 8:40:21 AM
Welcome to the board UK guy.
That price points it could bounce at yesterday was not a surprise, that big one, 50day, is were all the day traders would put buy orders in looking for a bounce (see my quote yesterday below as the price was dropping). I am surprised it got pushed down so fast to the 50day from last week, but not surprise it didn't go below. After that 50day play though, which was a gift to traders, today's range will be harder imo to guess. I would like it to stay above 95c, but over $1 for psychologically is also nice. NP is presenting during trading hours today, it will be interesting to see what happens.
That price points it could bounce at yesterday was not a surprise, that big one, 50day, is were all the day traders would put buy orders in looking for a bounce (see my quote yesterday below as the price was dropping). I am surprised it got pushed down so fast to the 50day from last week, but not surprise it didn't go below. After that 50day play though, which was a gift to traders, today's range will be harder imo to guess. I would like it to stay above 95c, but over $1 for psychologically is also nice. NP is presenting during trading hours today, it will be interesting to see what happens.
Quote:
50day is 81c, may go all the way to that
Read More: https://investorshangout.com/post/view?id=567...z6DeT0hYZF
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