Re: Correction.
in response to
by
posted on
Apr 08, 2022 11:34AM
I'm not a charting expert, but it seemed to me that a head & shoulders pattern was set up, and some quick selling this morning on fairly low volume pushed us below the neck line and here we are, down over 7% even when indexes are marginally green. Frustrating for sure.
We now have the 50MA and 100MA around the $29-$30 mark which I'm hoping holds, or it seems possible we may head back to where we were back in march. Hopefully LAC finds it's footing here, and has a nice bounce before we drop into that range again.
I'm reminded on days like today that volitility does not nessesarily equal risk, and I know for many of us we strongly believe in the long term future of this company and the industry. The journey seems to never be linear.