Trader Mike's Notes
This was an impressive breakout from a Bollinger Band Squeeze. (you know I like expansions out of a squeeze!). Given its still near oversold stochastic reading, I wouldn't be surprised to see this retest its old highs around $225
I happened to notice this forming during today's session & made a note to see how it ended up after the close. It's not quite a Rising Three Methods but perhaps it's close enough. Let's see if it can pop on Monday.
This should be interesting. One of my favorite setups -- the Hot IPO Pullback -- popped up today (ditto for DASH). Let's see if it triggers an entry tomorrow.
This was my trade of the week (a close second was a similar setup in another recent IPO, RKT, on Tuesday)... a beautiful follow-through of Thursday's Hot IPO Pullback setup. This is why I love trading recent IPOs in general (low floats) & this setup in particular. I wish they all were this easy :-)
nice recovery for Google. It was looking a little sad after earnings at the end of July. Now it's looking like it's itching to break out of a cup with handle(ish) pattern, which started with the Covid selloff in February.
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