I'm a novice learning The Man's ways. My crayon drawing on this chart appears to be a close to a Stage 2 breakout. I think. Since ABCL is a yungun' I substituted the 150 for the 50.
Anyone else have an opinion?
XBI looks like a current leading sector.
I still feel its early but I just do what the chart is telling me... or technically the book is telling me...
If (Once?) it breaks that 50, I'm a buyer. Only 19.8M shares outstanding. Average volume ~15K. Not for the faint of heart.
Quarterly Earnings Growth outstanding. Last 2 Q's 1Q22 277% and 4Q21 367% increases.
Revenue Growth 2020-2021 clocks in at a 21%
New Product- eco-friendly foodservice disposables.
IPO 4/2021
I keep picturing Will Ferrell in Old School when he shoots himself in the neck with the dart gun. The first thing he says is "Is this bad?"
As far as I remember, they don't answer, because, duh, yes. You shot a tranq dart into your neck. Yes its bad.
Certainly appears so, according to my crayon drawing... but in this market? I did not take the trade, not quite enough volume for me when my omnipresent device chirped for my attention... (Which means it has a greater likelihood of being a big winner because stocks I buy only go down and so on).
Anyways. I don't like that declining volume on the Weekly.
Today,...
History doesn't repeat but it sure does rhyme.
Genrac has almost an exact same Gap up dating back to 11/2/2021 on earnings.
2022 for sure won't be 2021 but I wanted to point out the stock market was a weird place.
I've never published or even read a published piece.
Yay. First
