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<blockquote data-quote="Meraki" data-source="post: 1434105" data-attributes="member: 16650"><p>Hey [USER=4603]@Deepdiver[/USER] cool of you to look into this.</p><p>care to elaborate a bit more on the waves? esp in the context of this stock having Upcoming major catalysts</p><p></p><p>I do not know enough about wave theory. But I do understand a bit about how this stock moves. Much of the moving averages don’t make sense, due to the large drop about 6 months ago. That had more to do with Rona & FDA politics extending Big Ts rope (which is now closed) than the companies fundamentals or fair value.</p><p></p><p>when I look at the past few months on the daily chart I see a healthy recovery to baseline in the $2 range. With this gradually testing 3 leading into catalysts. How does your wave idea play out? It gets knocked down another 50 cents but then rebounds higher ?</p></blockquote><p></p>
[QUOTE="Meraki, post: 1434105, member: 16650"] Hey [USER=4603]@Deepdiver[/USER] cool of you to look into this. care to elaborate a bit more on the waves? esp in the context of this stock having Upcoming major catalysts I do not know enough about wave theory. But I do understand a bit about how this stock moves. Much of the moving averages don’t make sense, due to the large drop about 6 months ago. That had more to do with Rona & FDA politics extending Big Ts rope (which is now closed) than the companies fundamentals or fair value. when I look at the past few months on the daily chart I see a healthy recovery to baseline in the $2 range. With this gradually testing 3 leading into catalysts. How does your wave idea play out? It gets knocked down another 50 cents but then rebounds higher ? [/QUOTE]
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