I tried to compare charts of three stocks that tried to break their all time highs. Charts show that after an initial test of their ATH, prices tend to correct to their monthly support lines before attempting the next break. In the cases of DD, X and POPI, the retest successfully broke the ATH, and prices never looked back from there.
YEHEY had tried to break its ATH last week but failed. Will it follow the same course as these three stocks above? We have to wait and see….for how long? See below this chart:
These are the number of trading days that it took for these three stocks to break their ATH sucessfully. We can not conclude anything from this except that we will need some patience .
X- 33 trading days
DD- 24 trading days
POPI – 26 trading days
Good luck YEHEY holders….