Might get another test of $230 but sellers are not making much of an impact.
Volume is surprisingly low, which means we may be entering the Wyckoff accumulation trading range stage C, where the stock goes through testing by the composite operator. Volume trails off as most floating supply is now in strong hands, and there are a series of tests to see how low of a price in which the CO can accumulate any remaining scraps. This ends with either rising bottoms, or a washout to the floor of the range which will immediately reverse into a strong rally if volume is not high. Obviously you don't want to be caught on the wrong side of this so best to wait it out and don't panic if it happens.
There is a saying... "if you can't shake them out, tire them out." This is the stage we are in. Hold tight, because stage D and E are the markup phases if there's no new supply and everyone refrains from panicking into the CO's open bags. Next few weeks/months should be interesting.
So you're saying...
the next few weeks/months r critical?
Absofruitly