MRAI has pulled back in the late morning after a beautiful run earlier. I have seen this happen a lot and it happens a lot to wipe out stops and then runs back leaving people to chase. Most important thing with a stock is when you purchase it. If we drop below $5.35 then we will have a bearish engulfing on the daily and that could be a concern. My stop is $4.9 (ish because I have not set it yet). Would love to see a run into the afternoon and afterhours with continuation into next week. SPY, QQQ, IWM are all looking like we could have a pull back next week but this stock is not in those indexes. It does not have the passive sell side that those indexes have. Follow the charts, have clear goals, and do not panic over normal moves. GLL!
This is not intended as a recommendation to buy or sell as I do not know your situation.
None of my clients own this but I do.
This is not intended as a recommendation to buy or sell as I do not know your situation.
None of my clients own this but I do.