Here’s How You Spot the Tops (Critical Lesson)
Hey, it’s Ross Givens here with the Chart of the Day. Spotting climactic tops is crucial in trading, and Super Micro Computer (SMCI) exemplifies the signs. Surging over 300% since November, SMCI’s chart displays a classic breakout pattern. However, identifying a climactic top involves more than just recognizing breakouts. Consecutive exhaustion gaps followed by a substantial negative day, like SMCI’s recent 20% drop, indicate exhausted bullish momentum, signaling the time to exit the trade. Learn how to read these signals and distinguish climactic tops in today’s Insight.
February 19, 2024
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