Recent runner in a hot sector that has now created range for the stock to actually move with volatility again. Too many traders forget about the former runners because they are trying to find the "next". This stock has been trending down for the last 4 days and finally turned green. That is an indicator of momentum shift. Had to be prepared for this one pre-market because that is when it went green but the r/r was there because it was still near a whole number (3) and the likelihood of it going red again was very minimal. Always try to trade with conviction because of confluence. Hope this helps.
Posted Jan 24, 23 10:14 AMbyArtOfWar
Tickers
BBBY
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Thanks Ellis
Thanks Ellis
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