Blog Post: Day 12 of $QQQ short term up-trend; $AGX had GLB 4 weeks ago and a weekly green bar setup last week; it must hold last week’s low

GMI6/6
GMI-27/9
T210867%

I teach my students that if they miss buying at the time of a GLB, a possible place to buy is when the stock subsequently has a weekly green bar setup. This means that the 4wk>10wk>30 wk and the 4 wk is rising and it had a 20 week high in RS (SPY). The stop loss would be placed just below that week’s low. This assumes one also likes the fundamentals.

The GMI remains 6 (of 6) and on a Green signal.
Screenshot