The breakout was 4 weeks ago on 2x avg (previous 4 weeks) of volume. Now cooling off, letting 30 week moving average catch up.

Usually a pullback within 1-3 months to breakout line, so this is an occasion to take a smaller position, in case this takes off from here.

Else you can wait for pullback a dollar lower.

Reminder what the 4 stages look like…

Adding the monthly log chart to see where to expect a “wall”.


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