Interesting day after what has been an amazing run. But a big retraced candle and lower volume are raising an eyebrow or two.
"The year-to-date chart for this stock is pretty boring until you get to August 15th where the stock absolutely tanked. This was due to an abysmal earnings report which decreased the likelihood of a buyout for Just Energy. Fast forward a month and a half and the stock is beginning to rally.It has started filling the gap that was formed on the 15th. It has bounced back 117% since September 5th. The support of news regarding Snyder Trust adding to its ownership position of Just Energy of September 27th."
Regardless, it has been an interesting penny stock to watch. Just curious if it can actually push through this "no man's land" area where it gapped down previously.
*Quote Source: Money Making Penny Stocks To Watch This Week
"The year-to-date chart for this stock is pretty boring until you get to August 15th where the stock absolutely tanked. This was due to an abysmal earnings report which decreased the likelihood of a buyout for Just Energy. Fast forward a month and a half and the stock is beginning to rally.It has started filling the gap that was formed on the 15th. It has bounced back 117% since September 5th. The support of news regarding Snyder Trust adding to its ownership position of Just Energy of September 27th."
Regardless, it has been an interesting penny stock to watch. Just curious if it can actually push through this "no man's land" area where it gapped down previously.
*Quote Source: Money Making Penny Stocks To Watch This Week