$BIRB By the fifth consecutive up day on the daily chart, I’d ask three questions:
1) How big is the move? +28.66%—not small. The risk/reward of chasing it is getting worse;
2) Is the streak breaking today? It’s currently down 2.56%, so it’s being interrupted;
3) What’s the volume on the break? A bearish candle on rising volume calls for more caution than one on falling volume.
Do you agree with these signals?
#BIRB
1) How big is the move? +28.66%—not small. The risk/reward of chasing it is getting worse;
2) Is the streak breaking today? It’s currently down 2.56%, so it’s being interrupted;
3) What’s the volume on the break? A bearish candle on rising volume calls for more caution than one on falling volume.
Do you agree with these signals?
#BIRB
