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Gold/Mining/Energy : Verde Agritech
NPK.TO 1.100+3.8%Nov 10 3:59 PM EST
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To: LoneClone who wrote (16219)3/8/2022 4:46:10 PM
From: stuffbug   of 16582
 
yes, I was the one who mentioned the parabolic move.

I am not a trader either but I will book profits along the way when it appears that a stock is short term very overbought.

Last year I came across a note on parabolic moves from a grey haired hedge fund manager. While he acknowledged that these chart patterns are virtually impossible to trade, he passed on a rule of thumb. Very frequently a parabolic move will end within 21 days, as measured from the breakout.day.

Using February 1st as the breakout (day 1), Friday March 23rd was day 23.
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