Chasing extended #stocks is often not rewarded! What's extended?
1) >70% above EMA 200
2) Up 3 days in a row
3) >3 pullbacks on the EMA 21
4) >5% above trading base without pullback
5) >10% in one day It's better to wait for a consolidation before you enter.
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Crisp and wonderfully explained. Urge EVERYONE to read this 🙏🏻
Friends,
— Pankaj DP (@voPAtrader) May 8, 2021
I am planning to write Stock mkt related thread (/writeup) on..
WHY STUFF WORK?
E.g. Why prior Support acts as Resistance?
If u have such questions related to Data/ TA, DM me. If possible, I shall incorporate reasoning for that as well.....#learning #stocks