This chart is probably offering the pullback to the neckline. If you think it took off to fast, this is an opportunity. Type 2 breakouts are with re-tests of pattern boundaries.
@hackertrader@kansai_89@Upticken did an interview on traderlion recently where he said he uses a strategy with options instead of trimming as the stock goes up
Some of the Optics names extensions from their 200-DMA:
$AXTI ~439%
$LITE ~183%
$CIEN ~132%
$AAOI ~200%
For context, here's what a few recent blow-off tops looked like at their peak:
$MSTR ~199% 11/20/24
$SMCI ~237% 2/15/24
$SLV ~144% 1/28/26
Are Optics entering a blow-off phase? Hard to say... More importantly:
Even if the market bottomed today and we got an FTD, what are you realistically expecting out of these names at this stage of their move?
Coming out of a correction/chop/pull-back, 'relative strength' is the most important factor in identifying new leadership. But you have to look at these names through a different lens, given how extended they already are.
$FSLY is a much better example of new merchandise. A name that has held up extremely well in a weak tape, emerging from a long period of neglect with a fresh catalyst. ++ $DELL $AKAM $NET $DOCN $TER $NBIS $SOLS $NXT $SEI other examples off the top of my head.
The same question applies to Memory stocks. If the market bottoms here, what are you expecting out of these after running like this?
1 Year Performance
$SNDK +1,200%
$MU +305%
$STX +368%
$WDC +570%
Food for thought.
Ave person checks their phone 186x a day. That's an interruption every 5 min.
This shrinks the brain, causing lost capacity for deep reasoning and sustained thought.
Deep focus strengths neural networks for complex thought.
AI disruption rattled freight stocks.
When the market decides what’s being repriced, volatility follows.
That shift turned into a momentum trade opportunity in $RIME.
Full trade recap here:
https://t.co/1nvth1RsPp