Here”s the link to this
Here”s the link to this morning”s Livedesk:
https://new.livestream.com/accounts/7617211/events/2865745
I reviewed the following stocks in this order: ATTBF, CNAB, TRTC, VPOR, TAUG, ERBB, MCIG, VAPE, QTMM, YHOO.
I also discussed the following technical / charting concepts:
– A pattern”s target is not necessarily reached directly, but can be the destination of protracted trending.
– “Ineffectual optimism” wastes buying pressure that might otherwise be available to recover from fresh lows. Instead, that impatient buying is converted into selling pressure when the bounce it creates starts to fizzle.
– Bottoming patterns vs. Falling Knives: The rally produced by the latter is only temporary, and retraced entirely, much sooner rather than later.
– A trending pattern (e.g. lower lows and lower highs) must be retraced by at least 61.8% before assuming the trend has reversed up, and not simply corrected.
Check the prior thread for comments on several other stocks, including CELG, LNG, and INSY.
