Some people made good money on this recent rally, but I don't see her go any higher any time soon. Daily candle looking extended, rejected at multiple resistance, weekly downtrend still valid.
@vb1281, funny you would comment this now. I bought the dip yesterday. I have wanted to add them to my retirement portfolio because of their brand value. I regretted not buying some at $4, but there was so much to choose from at the time, and CWEB was one of the assets with a mediocre balance sheet. I'm sure the current funding round won't be the last one, but by the time they need to raise cash again, I expect their valuation to be a lot higher. Yesterday's sell off was exaggerated, and I that is why I got in. Could see more downside though, but $6.20 appears to be a good support line... So yeah, long...