APLS
Consolidation breakout. The volume is not really high. However it has very good linearity. The challenge is that is up 12%. So where you do you put the stop? 12%. So low risk/reward ratio.
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FNGU
Whenever there is a large breadth move then this ETF makes a move.
AVGO
High priced stock. Bid/Ask spread less than dollar. So not bad.
TREE
Consolidation breakout. Up 18% which defeats the logic of Finding and Entering Early (FEE). Can a 18% breakout work? Yes, but there there is too much risk.
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TIP: The market monitor indicates overly bearish conditions when the 5th column goes below 200. However this has only happened a handful of times in the last 20 years. Breadth can only be used to indicate market bottoms. Whereas bullish breadth is extremely bullish.
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Does Overhead resistance matter? (Video 2 min)
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