Looking good. Broke a half-buck within five minutes of open. Holding a half-buck to close is the question.
SP is not the big news, VOLUME is - Touching a Million within eight minutes of open. Over TWO MILLION as I post this.
Speculation of an announcement of product available on the web site could be the driver.
Today is the beginning of Tiger's tournament hosting in Thousand Oaks, so might be another reason.
Technicals look strong. This looks to be the fifth leg of the wave. Then comes an ABC correction.
What is different than the July move is that is is not going completely parabolic, and totally nuts, while outrunning the upper BB like the last time. Hit upper BB this time and staying within bounds - at least at this time. Technically just overall strong. OBV showing strong accumulation, RSI approaching overbought, MACD and Stochastic in Bull mode.
Holding fifty cents at close, and for the next few days, to let the technicals catch up will be a good thing. Then fifty will be the mental support.