Once a stock takes insane volume then drops on lighter volume.
It needs to take insane volume again to go higher because it needs to take out the losers who have orders in to sell to break even (resistance). It can't ever go back on lighter volume.
Why?
Science.
Quote Tweet
THE POINT HERE IS YOU HAVE TO BE REALISTIC WITH THESE STOCKS AND YOU HAVE TO TRADE THEM.
KNOW WHEN TO DUMP THEM OR GET DUMPED ON.
I'VE SEEN THE HOTTEST STOCKS EVENTUALLY GO DOWN IN FLAMES OVER TIME.
LIKE $BNGO.
REMEMBER THAT ONE?
