$Maxeon Solar Technologies (MAXN.US)$ imo this is extremely ...
$Maxeon Solar Technologies(MAXN.US$ imo this is extremely over bought. 100% of the shares are in the profit. I don't see any reason why people won't start selling.
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SpyderCall : you are absolutely right. You can see the profit taking every day with the unusually high volume of transactions that have been taking place over the past few weeks.
SpyderCall : I wouldn't fight the bullish trend yet. But if everyone is sitting in profit, then I would expect the initial selling to be substantial when it starts
anonymous 0989OP SpyderCall: I agree to both your posts. I appreciate the reply.
SpyderCall anonymous 0989OP: MAXN is at it first test. If any selling should happen, then we should see some soon. The price is near a major resistance level. I think it might have touched it today.
anonymous 0989OP SpyderCall: I am thinking the same thing. historically it's been higher, but this is too much of a rise in a short period of time and almost all the shares are in profit. I wouldn't be surprised if there is a large sale(s) this week. then triggering stop lose/take profits, shorts taking profits, ECT.
SpyderCall anonymous 0989OP: selling begets more selling. Especially after a sharp rally while everybody is sitting in profit
71679526 : Nope, gonna run soon
anonymous 0989OP 71679526: you sure about that?
71679526 anonymous 0989OP: Pretty confident. It’s digesting this zone, next 11, the 13