I've talked about consolidation 9 a bunch on my twitter and previous ideas. I believe $TSLA will join $NVDA and $PYPL in having a continuation 9 and burst higher. $TSLA has a strong hammer candle at previous resistance turned suppport.
Reminds me of $CRWD
Lots of consolidation 9 on the market. I have expressed interest on twitter @kidzevn about consolidation 9 continuation pattern. When the 9 is inside a range, a close above any bear candle is a great add. Same setup right now with $NVDA.
We are also holding 9 period VWEMA (Volume-weighted exponential average), hugging this line is an indication of a bull run.
I sold all my $FTNT holdings at the last 2 combo 13. Am I regretting the sale? Yeah.
I value $FTNT at about 50% overvalued (surprisingly every other high growth tech companies are sitting at this valuation too) and the move up has been really extended.
I should have held just a little just in case. Right now we are looking to break ATH
In this chart we analyze the relationship between the Small Cap iShares ETF and an analog of the 2002-2003 price action. From our view, we can see that we are clearly holding a similar pattern from back in the early part of that decade. This happened to be after a recession as well where the value/growth rotations were just as if not stronger than they are today....