DerekD_

$SMG - I might be reaching here, but

NYSE:SMG   Scotts Miracle-Gro Company (The)
An eerie reminder of how wrong I was about $TSLA back before the surge. Nonetheless, I've come to find more than a few tickers that get (seemingly) stuck in a strong down-trend. I had $CHKP on watch a little over a week ago once I saw the crab-legged type breakout over the 180WMA after being in the choppy, downward trend it's been since last year. Nonetheless, I've come to find a handful more of tickers that resembled the same pattern with/without a few slight differences $TSLA had before its breakout. Few examples ($DTE, $EQIX, $CHKP) - I used $CHKP as a comparison because essentially, I look for a pretty big gap down below 3yr WMA for the start of a setup (like $TSLA) - but beggars can't be choosers. Argued with myself to post the $MMM chart with the potential to show same type of breakout, but, how about we say I did & just keep it on watch (Earnings 07/24).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.