Jan. 2 at 11:20 PM
Same story across my other positions, which is why I’m comfortable swinging them, even after today’s big red candle.
$ONDS is the cleanest setup.
Just look at the green candles printing above the 20-day average volume (white line). Volume fades on pullbacks, which is exactly what you want to see. Bulls have stayed in control, and the consolidation below
$10 gave me a very clean entry.
$AXTI is showing a similar structure.
$ALAB is less convincing on its own, but
$SMH was on fire today, and that’s the real trade I’m focused on. If we break back above the ATH AVWAP, I think this trends again soon. We already came close today off the bull flag.
Red days test patience. Structure decides the trade.
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