Almost decades apart, but similar psychology. Note corrective pullbacks from past peaks. They pull back more and more until a new 52 week high is achieved and eventually attracts the crowd again. TZOO did not fare well after the 2nd peak.
Saw this, didn't have confidence to trade, turned out to be a winner
2 tranches, 1 at pullback, 1 at break of handle
Got in 500sh for $125 intraday risk. Holding for weekly move.
Saw my alert come up and watched it break first 5m. Bought at the pullback on the BO level with a 1DATR stop. Tighted stops to BE after the huge volume came in pushing it to ATH.
News that it starts Phase 3 trial today. Bought on the 50dma bounce and tried to sell on the avwap (also vpro) but ended up selling lower at break of f15m.
Prev breakout level turned into HVA consolidation then turned support after the HVA breakout. Using 1DATR would be tricky but yielded quick 10R return within 1 quarter. Using the entire HVA around $1 SL would take more than a year for 10R.