Beware the failed breakout at 11:30 A.M. Eastern. That's a sign of weakness. There's still a chance it rallies. But make sure to wait for support. Another big runner today … |
There isn't a news catalyst pushing this stock higher. But it's up +60% and has already rotated the float once today. It's following a pattern called the "panic-dip-buy". We found a trader that explains the concept pretty well. Here's the video … |
But he trades it intraday. This is an example of a stock that panics over multiple days. Then the volume comes in and the stock spikes. Here's a chart … |
It's an interesting trend to keep an eye on. Whether you're intraday trading or watching larger day-to-day movements. |
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