Notes on Friday - July 27 action.
I asked the question, what wins on this scenario... 4th green day of a stock (over extension) or the Friday price action morning spike.
$AWX was the one to watch. Up with no news and 4th green day going into a failed $FB 2nd day and $TWTR bad earnings morning. Open at 6.13 dropped early on a brief panic, slight bounce before drop to 5.90 then up, then broke 5.69 support briefly at 9:50. Bottom at 5.60 before taking off for the moon. NHOD in the mid 6 then 7s and tests of 8. I don't have all action captured here, but clearly in this case, Friday morning wins out. Any other day and this would have cracked earlier, I am thinking. Good lesson to look back on.