No beating around the bush: $RAY hit a new 24-hour high at 1.927. The previous high was 1.9171.
Whenever it hits a new high, people start calling the top. But in a truly strong market, new highs are often followed by even more new highs. I’m not planning to chase it here, though—I’ll wait for a pullback and confirmation before deciding.
What do you think?
Whenever it hits a new high, people start calling the top. But in a truly strong market, new highs are often followed by even more new highs. I’m not planning to chase it here, though—I’ll wait for a pullback and confirmation before deciding.
What do you think?