Friday after market hours, news reports came out EBIX was sued for Violations of federal securities laws causing a %40 drop. Yesterday we rebounded up to $31 and consolidated. Today looking for another $31 retest posiblily a move up to $34 then up to $40.
Play it safe with this news it could easily go down more. Set stop losses.
Play it safe with this news it could easily go down more. Set stop losses.
Comment:
As we seen markets took a turn at the start so I did not take the trade!