This is my largest single equity position. That’s the qualifier. It is bouncing as expected per our 60 minute charts reviewed each afternoon lately, but…
Let me tell you what I don’t like about this daily chart. I don’t like the wedgey looking upward flag combined with the declining volume. I also don’t care for the down-turned (to a degree, anyway) SMA 50 below which the price lurks. I don’t like the AROON down either.
What I do like is profit and considering the size of this position I am going to go take said profit on a position bought at the height of the media’s ‘RIP Tech’ campaign.
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