Last week was quite spectacular as we saw our favorite counter since last September whipsaw between two price extreme: 0.75 and 0.90. This weekly Doji bar marks indecision among investors/traders about this counter which has almost double since last year. Further, the spread has exploded tremendously! What's up with you, Think Environmental?
Well IMHO, this extreme price volatility has given us some insight on what we can do with this counter. Any break above 0.90 with volume is a sign of strength, and likewise, any break below 0.75 is a sign of weakness. Let's wait and profit from this war between buyers and sellers...
Happy profiting!!!
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