- We are breaking out of out of a 40 year old cup and handle.
- This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag.
- To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG:
- I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting.
- The strength of the upticks, even after the harsh rejections is shocking.
- This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery.
- It is only a matter of time... time I have to accumulate.
Check out my fundamental analysis and speculation in the comments.
- This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag.
- To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG:
- I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting.
- The strength of the upticks, even after the harsh rejections is shocking.
- This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery.
- It is only a matter of time... time I have to accumulate.
Check out my fundamental analysis and speculation in the comments.
Note
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.
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.