a bit of both, but probably more of the former. deal looks solid, the russians or chinese may get into the race soon. if profit taking continues, then you will see massive drop tomorrow. the question is; is it time to go long or short?
It was inevitable wasnt it... It shot through its upper channel line and the following day had a 5% exhaustion gap with an even intraday chart. Day thereafter the volume and price moment just confirmed it..
Possibly 140 or early 140's...where i would re enter...but then again it could skyrocket to 211 as some forumites have been peddling...frankly i'd just stick to my gut and the chart and watch the fun..good luck DEP
i think the market is just closing the gap that was created when the price leapt to the 160s. So sometimes the explanation is more technical than fundamental, after that the price will go up, but at a more gradual pace, makes sense hey?