Hi Roland, I was going to ask Grittani in Chat room, but this was the play you used to grow your small account (still speaking of "First" Green Day).
If you don't have time to respond- no worries- I'm just vocalizing my understandings, and thought you might confirm/clarify:
Looking at ticker $SMRT, we see a mix of some green and red days, leading into today's (let's assume it holds and gives us a strong upward trend closing near HOD) big green day. In this case, this does not seem to be as strong of a chart pattern for buying "FGD" to hold O/N for next day morning spike (compared to $NVIV), because it is already so extended beyond previous lows. Would you say $NVIV is a nice chart pattern because it is coming up from such lows, whereas $SMRT is less impressive (not as great of a play) because it's been going up since mid March (<-- THAT first green day would have been a good play)? I realize this is all hypothetical, and having a catalyst would be ideal, but am I correct in seeing $NVIV as the stronger play of the two ($SMRT)?