Recent Lessons
One of my watch lists is called Recent, and within it I house interesting and relatively young stocks (less than two years in the public) markets. I’ve plucked seven of these out of the list and wanted to share a few words about each chart.
The first chart is a good example of how dangerous is can be to buy a stock with an otherwise bullish formation in the context of a bear market. This was shaping up as a perfectly valid right triangle bullish pattern, but take note that (a) the pattern never completed (b) it did a bit of damage to its supporting trendline. I say again, it’s all about context. It’s tough for an otherwise bullish stock to succeed when the atmosphere is poisoned
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