This letter is... something. But, it illustrates two points. First, most Americans don't realize that the majority of of the GOP base thinks this is a religious war for the soul of the nation. They're willing to abandon democracy FTW. 1/n
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Imagine, for a moment, the reaction of the UK Government, Brexiters, and the RW UK press if Juncker, Tusk, Macron or Merkel went on TV to say that Brexit was worth it to stop Freedom of Movement for UK citizens, and to stop Brits being able to come to the EU and jump the queue.
— Steve Bullock (@GuitarMoog) November 20, 2018
2/ Imagine if the EU said finally all those retired Brits in the EU27 could go home
3/ Imagine if the EU said finally all those Brits in the EU could stop driving down wages, taking jobs and stop sending benefits back to the UK
4/ Imagine if the EU said it was looking to use UK citizens as “bargaining chips” to get a better trade deal
5/ Imagine if the EU told UK citizens in the EU27 that they could no longer rely on established legal rights and they would have to apply for a new status which they have to pay for for less rights
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K