$ARIA The daily chart has now posted gains for five consecutive days. There are generally three questions to ask:
1) How large is the move? +52.58%—not small, and the risk-reward of chasing it is getting worse.
2) Has the streak been broken today? It’s currently up +2.16%, so not yet.
3) What was the volume on the day it was broken? A high-volume bearish candle calls for more caution than a low-volume one.
Do you think the market has overreacted?
1) How large is the move? +52.58%—not small, and the risk-reward of chasing it is getting worse.
2) Has the streak been broken today? It’s currently up +2.16%, so not yet.
3) What was the volume on the day it was broken? A high-volume bearish candle calls for more caution than a low-volume one.
Do you think the market has overreacted?
