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.
Note
Down almost 6% today, timing was on point
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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.