One of my favorite patterns forming on NET. These go parabolic..
Want to know what a parabolic pattern looks like? Here it is.
NET (on the RIGHT) is testing the trend line it broke in June on its daily time frame. Quidel corp did the same on the quarterly time frame. Bitcoin did this too before going parabolic.
Quick disclaimer: This does not mean they all do
NET (on the RIGHT) is testing the trend line it broke in June on its daily time frame. Quidel corp did the same on the quarterly time frame. Bitcoin did this too before going parabolic.
Quick disclaimer: This does not mean they all do
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Bullish intraday...
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Just hit 40 for a new all time high and still looks fantastic
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While still intact, NET is likely at an important level that needs to hold. A break under would see the 33 level next. NET needs to regain weakness in the coming days for the short term trend to continue. I exited at 39.90. Waiting on the sidelines now.
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Weekly closing basis price held yesterday. Let's what Friday brings.
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this is why waiting for the weekly close is often so important. NET saved itself today and is still a hold
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NET finished the month of July with new weekly and monthly closing highs today.
I'll repeat as I often do, some stocks never look back, so you don't want to sell them too early. Big money is made in runners. The way to increase your probability of not selling pre-maturely is implementing a trend following system that keeps you in the trade.
Here are THREE simple strategies to hold onto a potential big winner:
1) Respect the moving averages.
2) Apply the 'modified heiken ashi trend bars' indicator by Chris Moody.
3) Watch for structure + developing support line + 50 DMA
I'll repeat as I often do, some stocks never look back, so you don't want to sell them too early. Big money is made in runners. The way to increase your probability of not selling pre-maturely is implementing a trend following system that keeps you in the trade.
Here are THREE simple strategies to hold onto a potential big winner:
1) Respect the moving averages.
2) Apply the 'modified heiken ashi trend bars' indicator by Chris Moody.
3) Watch for structure + developing support line + 50 DMA
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if you're not long or looking to add at a conservative level...
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2 options from what I see before earnings:
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After-hours last night hit the blue zone. I am getting cautious on cloud/Saas names now.. So keeping some calls only. We'll see how price proves itself today.
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I'd say NET went parabolic this week... Notice the re-initiation of the trade could have been the purple when price went back above the line drawn. I somehow missed this trade. But another great learning lesson in the books.
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Super powerful set up developing here