How to spot a stock’s “change of character” moment:
The answer is in the chart. 6 pizza slices:
1) the trend flips
- lower highs + lower lows...flips to...higher lows + higher highs
- the first HL is typically my signal
- look @ the annotated chart I attached
2) relative volume
- shows increased interest
- well above 200day RVOL baseline
- subtle, but clear volume pops at first
3) breaking of key levels
- price pushes though prior resistance
- prior resistance becomes support
- breakout holds
4) laggard to leader
- former laggard starting to lead
- relative strength improves
- feels like it's always green on red days
5) new reaction to pullbacks
- dips bought faster
- pullbacks become shallower
- can't break support
6) bad news is shrugged off
- negative headlines are still bought
- strong reactions to any news
- any selling = absorbed
It's all about behavior. Know when it changes.
Example below:
Feel free to bookmark + keep,
😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.
🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!
Hot Merch Returns · Up to 43% Off
Comments