Want to know what a parabolic pattern looks like? Here it is.
NET (on the RIGHT) is testing the trend line it broke in June on its daily time frame. Quidel corp did the same on the quarterly time frame. Bitcoin did this too before going parabolic.
Quick disclaimer: This does not mean they all do
NET (on the RIGHT) is testing the trend line it broke in June on its daily time frame. Quidel corp did the same on the quarterly time frame. Bitcoin did this too before going parabolic.
Quick disclaimer: This does not mean they all do
הערה
Bullish intraday... הערה
Just hit 40 for a new all time high and still looks fantasticהערה
While still intact, NET is likely at an important level that needs to hold. A break under would see the 33 level next. NET needs to regain weakness in the coming days for the short term trend to continue. I exited at 39.90. Waiting on the sidelines now.הערה
Weekly closing basis price held yesterday. Let's what Friday brings.הערה
this is why waiting for the weekly close is often so important. NET saved itself today and is still a holdהערה
NET finished the month of July with new weekly and monthly closing highs today.I'll repeat as I often do, some stocks never look back, so you don't want to sell them too early. Big money is made in runners. The way to increase your probability of not selling pre-maturely is implementing a trend following system that keeps you in the trade.
Here are THREE simple strategies to hold onto a potential big winner:
1) Respect the moving averages.
2) Apply the 'modified heiken ashi trend bars' indicator by Chris Moody.
3) Watch for structure + developing support line + 50 DMA
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if you're not long or looking to add at a conservative level...הערה
2 options from what I see before earnings:הערה
After-hours last night hit the blue zone. I am getting cautious on cloud/Saas names now.. So keeping some calls only. We'll see how price proves itself today.הערה
I'd say NET went parabolic this week... Notice the re-initiation of the trade could have been the purple when price went back above the line drawn. I somehow missed this trade. But another great learning lesson in the books.הערה
Super powerful set up developing here 
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.