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Blog post: This weekly chart shows COVID tester $FLGT has GLB to ATH, earnings exploding
Looks like a volatility contraction pattern (VCP). Projected earnings expansion could bring PE down to 10! A close below green line would lead me to exit. GLB= green line break-out to ATH (all-time high). NYC buying their COVID-19 tests for their schools.
The times, they are a-changing–$ZM in daily BWR pattern for first time since last December
Jesse Livermore once wrote how easy it was to unload stocks on the public during a decline from highs. ZM may not be a bargain here. I never buy a stock when its shorter term averages (red) are declining below the falling longer term averages (blue).
