PSNY Don't be too bearish at this level
Perhaps I am completely naive, almost certainly, lol... in my opinion, a bullish movement is about to happen soon. To at least attempt to reach the resistance at $3.19. Surely the short sellers will take new positions. Each phase of bullish consolidation or distribution (depending on our perspective) has lasted about 90-95 days.
But for me, we are currently in a massive "bullish" pattern that will try to break to the upside...
Worst scenario? Or perhaps, the stock will lose steam, doze off, and slowly fade away over the next 12-18 months...
But for me, we are currently in a massive "bullish" pattern that will try to break to the upside...
Worst scenario? Or perhaps, the stock will lose steam, doze off, and slowly fade away over the next 12-18 months...
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