Chart speaks for itself. On Log scale, this parabola was momentarily lost in June of this year and then recaptured. Could this go higher? For sure. I sold my position and will be looking to buy back shares around the 26-30$ range where the bearish divergence started forming. On the good side of things, this whole setup could become a gigantic cup and handle pattern by next year.
This high growth company has been great on the long side since 2022, but I do believe it's due for a correction.
This high growth company has been great on the long side since 2022, but I do believe it's due for a correction.
Comment:
Down almost 6% today, timing was on point