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comparing potatoes with potatoes ...
Still trying to use the TRA story to learn - and find the current "uplifting mood" on this thread quite interesting.
So - where are we?
SP lifted from a low of $2.14 to previous highs of $2.33 (but not higher). No higher highs;
Volume was throughout the bounce neglegible, low even for such an illiquid stock. No big buyer, no market support.
SP just scratched the MA50 and is ways below MA100 and MA200;
Looking at the trendline - the indicators for the current bounce look quite similar to the bounce around October last year (compare the blue potatoes with the red potatoes :);
Attachment 10401
Similar SP bounce (obviously different start and end points), similar low volume and similar RSI shape and level.
While I wish holders all the best - I think there is a good chance the bouncing cat is dead ... not seeing any signs of market confidence.
But of course - they could come out tomorrow and telling us about this amazing upswing in the second hand car market - and up she would go ;);