Price Analysis

$First Republic Bank (FRCB.US)$ Yesterday, the price fell but the volume was extremely low. There are two possibilities: first, the bears tried to influence the market by buying and selling, but the effect was not ideal. If there were buy orders in the market, there should have been more volume, but most of the transactions were small orders. Second, the bulls tried not to trade yesterday, intentionally letting the price fall to see if there was more liquidity to collect chips, but the same was true, and the volume was extremely low. I believe that ups and downs are a normal occurrence in the market every day, and moreover, I am not worried about the recent decline in these two days. My long-term target of double digits remains unchanged.