This is a comeback from the dead story. It was a meme stock which recorded a high of $42 just a few months ago.
Will this great big leap up hold ? That's the question on every holders mind right now.
I suppose, if trends can be followed, a new meme bull run usually goes on for a week or so. Not because of the business announcement about winning a business/distribution right in China, but purely because it had fallen from the lofty $42 mark. But just because very careful or be very brave and quick if you want to get involved.
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- YoungYun·08-12 17:43China distribution rights got brushed off too fast. I care way more about whether that business actually converts than the meme bounceLikeReport
- EdRoy·08-12 17:43I just checked the weekly chart, volume still looks thin vs that old run. Could squeeze a bit more, but hold is shaky no?LikeReport