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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: chip who wrote (12867)	3/27/2022 3:11:10 PM
From: Rarebird	Read Replies (1) \| Respond to of 26251

Both FMAT and VAW both need to close above their early 2022 intraday highs to technically be considered breakouts. With that being said, both charts look very good. RSI on both are higher today than they were in early January at their highs. I count that as a bullish divergence. Short term they can pull back a bit to their 10 -SMA. There is nothing wrong in taking some profits on the way up. It depends on your time frame. I like to let my winners ride. It is always nice to have that problem. As traders we live in a state of regret in a way. If we take profits and the stock continues to rise, we regret selling. If we hold and the stock pulls back, we regret not selling some. It is a lose lose endeavor within the context of a winning situation.