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So, quick query, please.
I sold my position (for a 25 % gain) because you mentioned in one of your great presentations that whenever the price gets extended from the 4wma it spells trouble. Does this apply to the actual breakout too? Or do we only consider this fact when the stock has been on a phase 2 ascent for a while (I hope this makes sense). Thanks!
Anytime something floats above the 4 wk avg, it often comes back down and touches it.