In stock trading market, we are not smarter than the market ! None of us are!
When a stock breaks below a support level, there is always a reason for it and you may never know the reason and it really doesn’t matter if you do.
What matters is, you must listen to the market
$HD Daily Chart
Clean head & shoulders setup with the neckline at $383.
Target #1 - Fib cluster at $367
Target #2 - 1.618 Fib Ext at $352
Target #3 - Measured Move to $333
How does the semiconductor ecosystem support the Stage 1 of AI? 🧐
• Building AI Brains | $NVDA, $AMD, $INTC
• Powering AI Connections | $ALAB, $AVGO, $MRVL, $CRDO, $ANET
• Optimizing Data Centers for AI | $DELL, $SMCI, $HPE, $TSSI, $VRT
• Making the Chips | $ASML, $TSM, $LRCX, $AMAT
• Customizing AI Chips | $ADI, $QCOM, $ARM
• Ensuring Chip Quality | $KLAC
• Advanced Memory Solutions | $MU, $WDC, $STX
• Provide Design Tools | $SNPS, $CDNS
A study was done on 77,000 accounts at a large discount broker from 1990 to 1996. The findings revealed:
1. Investors are more likely to allow a stock to reach a large loss than they are to allow a stock to attain a large gain; they hold losers too long and sell winners too quickly.
2. The probability of buying additional shares is greater for shares that have lost value than it is for shares that have gained value. Investors may readily double down their bets when stocks decline in value.
3. Investors are more likely to take a small gain than a small loss.
The results would be no different 50 years ago, or 50 years from now.
$JSPR
On weekly chart it is about time to complete this continuation pattern (Pennant)
Solid break out supported by hi volume can be a good buy signal -watch for 21.75-21.85