Looks like the post earnings pump is over, kicking myself a little or not having the balls to hold Monday, lol.
Anyways, looks to me like it's gonna continue this rangebound trading then eventually fill that gap above. Daily direction will more than likely be the same as the market from here.
I'll continue to trade this stock on days when I expect the market to move up, because a rangebound stock is much safer than trying to catch a knife. Probably not trading until Fed day though
I hear you about not holding. I bailed on PCAR, which is up, and held my GOOG, which is down. Some days I just feel like I can't make a correct prediction.
hungry_hippo
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@BoomerMo, should've just bailed on everything yesterday. I'm doing day trades, not holding anything for long. I don't recommend a long position until Thanksgiving week.
If you play the bounce and mistime it, there's no exit strategy other than taking a loss. Ameritrade locked up today, that's super bearish.