And so it goes
In this 'old' post, I alerted readers to an opportunity in Meadow Valley/MVCO. Yesterday, after a whopping 4 weeks of building a short term base, the shares broke up with explosive volume. Who knows what today will bring -- upside follow-through? a return to the base? -- but the demand is apparent.
Price, volume, pattern, and trend -- the continuum, in my terminology. If you trade for a living, this is one method to be consistently successful at it. Nothing says this specific opportunity is for you, but this pattern does qualify as a template for future opportunities. Study it, know it, so that future price oscillations do not cause you to utter in exasperation, "Uh, what just happened?"
[click to enlarge]
Price, volume, pattern, and trend -- the continuum, in my terminology. If you trade for a living, this is one method to be consistently successful at it. Nothing says this specific opportunity is for you, but this pattern does qualify as a template for future opportunities. Study it, know it, so that future price oscillations do not cause you to utter in exasperation, "Uh, what just happened?"
posted by David M Gordon | 4:46 AM
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