Just an anecdote--I go thru 250-300 charts to make the loser list every day, and going through these I saw a bunch of overextended/overbought/parabolic/whatever you want to call them. Time to tighten up the stops, and don't chase anything. (That's mainly directed at me, not you.)
ADAM still looking to go long on this, stop at 5.3 or so
FRO--do you buy breakouts? cause this is a breakout, stop at 57
GTRC here's another breakout, stop at 60
GLOW--keep watching this one, cause its not just a pullback, its range contraction. Long, stop at 2
OCR--failed breakout, if you can short it in the 34.5 range, stop at 35, can probably get to at least the 200d at 33.
PENN, uptrend, pullback, buy, stop at 59
TGA--pullback to support?? maybe, be careful with this one
a penny
CTCHC--still looks to me like its going to pop one of these days.
How to use this list. And what would it be without the disclaimer?
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