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This is just a nice example of a class head & shoulders top, by way of the symbol CHGG. Chegg is a company that, last I heard, rents out textbooks to college students. It has fallen from about $112 to penny-stock land, and the H&S top preceded the entire move lower.
This was one of those “just don’t have the patience” trades, but it sure is going how I predicted:
Wow. Elon really crapped the bed by choosing to become a political titan.
These are confusing times, even by the measures of the present day. The past eleven trading days (commencing, of course, with Bear Force One on that magical Friday) have been a total bonanza, but it cannot be this easy all the time. I already feel myself rather defensive, because we’ve seen an almost unrestrained plunge in the /ES………
