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A first green day and what? I look for when I'm looking for a first Green Day So we have this big former owner Kala. this started its run right after Christmas very small float and as we say I mean it ran from three bucks up to nearly 60, fell back down to under 20 and today we're trying to go green. Why do I like it so much today versus maybe on this day when it tried to bounce here on the 10th? Well let's actually go back to AMV here. Uh this is a runner just yesterday on the 11th and what you're going to see is this: Wick it made a brand new low um in the middle or in the beginning of the day and what happened there is it was a fake red move and from that fake red move we were then able to go green and once you get that red to Green move it's really it can get really explosive.
We saw something very similar today on Cala notice that Wick down underneath 20. we see that intraday dipped down red reclaimed green on a lot of volume and is now consolidating over V-wop for me now. I'm gonna be watching this consolidation zone for a potential entry now that we've officially done a red to Green move on a former Runner that is in need of Bounce.
Bryce, why don't you expect it to fall back to where it came from like most other stocks that fade away?
PVH