Jul. 4 at 2:15 AM
STUDY THE BEST CHARTS
Now that I’m caught up on rest, I am again studying charts.
It is said if you want to write great screenplays, study Oscar-winning screenplays. So, I am studying the charts of stocks that have made big moves. And I have found something that could be interesting and applicable.
Look at the chart of
$LAES as it made its 3,000% move last December. Just after starting its up move, LAES rose but pulled back on December 9, before really rocketing up the following sessions.
Similarly, both
$CETX and
$MLGO rose at their opens Thursday, July 3, only to pull back. Further, they did those pullbacks on modest volumes, as LAES did on December 9. LAES has far more shares and a much lower Short Float than either CETX or MLGO, yet it made a 3,000% move.
Sure, there are other factors. But AI, algorithms and traders that move markets, all look for, and tend to repeat or at least echo, patterns of the past.
So, I am hopeful and expecting good things for CETX and MLGO.
