6th day of $QQQ short term down-trend; Meanwhile GLB stocks $GRVY and $APPS defy gravity–GLB is defined below and in blog Glossary


From my blog:


Green Line Breakout (GLB)

I draw a green line on a monthly stock chart at an all-time high that has not been penetrated (or closed above) for three straight months.  It generally is a good indication of a stock breaking out of its all-time high after minimum of a 3-month consolidation.  Green line breakout stocks, in my experience, often go on to make a series of new highs as they rocket toward the moon.

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