The best trading opportunity arises when a Head and Shoulder top fails? . The formation itself being the most recognizable chart pattern attracts such a great number of shorts who create the perfect squeeze when the pattern fails. Fear is always stronger that greed so shorts provide enough fuel for a sharp rise in the stock. This is what happens on ICE real time as I am writting
this blog. The neckline at $125.2 was repenetraded to the upside today and it looks that the rise from here can be parabolic. I would not be surprised if I see $140 out of this stock tomorrow.
3 comments:
Whaddaya think now... it's been penetrating that neckline like a sowing machine....
Jake I still think the short squeeze is comming . It seems like yesterday is was the last attempt by the sellers to take control of the stock but today they are lising control again.
zeus111
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