Jun. 30 at 2:38 PM
ALERT. The
$HD setup right now is the ultimate contrarian play, reminiscent of the early days of
$AMZN.
Most retail traders are terrified by the broken 50-day moving average at
$351. They see a "broken chart" and rush for the exit. That is exactly what they said about
$AMZN when it languished for years before becoming the retail standard.
Institutions do not broadcast their entry. They let the chart look ugly to shake out the weak hands before the real run. The current consolidation is not a failure; it is the silent floor-building of a retail giant.
Do not be the retail trader who sells at the bottom because of a line on a chart. The smart money is loading while the crowd is panicking.
