Assuming we can see this hold above $6, I believe we still have another move left for 5-10%. It has been consolidating all week. If it breaks below then I will reset my view on it, but for now I am watching for the next break above
Recent news - Strong Earnings ca.finance.yahoo.com
Few things “coil a stock like a spring,” more than a tight consolidation after a price decline. Shares of VEEE topped out at the end of March for $4.25, and now are strengthening in a rangebound $3.55 to $3.65 area, which has seen six straight days of sideways activity.
After a decline from higher prices, any trading activity which implies indecision among investors should be consider a bullish indicator. Wednesday, Thursday, and Friday all showed a shift in the mentality of traders, with downward trading changing into sideways weak/imperfect Spinning Tops, and a weak/imperfect Doji.
In other words, look for trading volume to...
Twin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. Its boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities including transportation, eco tours, fishing and diving expeditions. Its boats are used in range of...
