A stock, for whatever reason, starts to ramp up. It is rare when a stock can stay over RSI(14) 80 for an extended period of time. When you see a parabolic move up, It can possibly be due to "pump" or "promotion". This trend is not sustaining and what follows is a crash. BUT, many see this as an opportunity to buy "cheap" shares after the stock was at lofty levels.
So, the stock turns around and heads higher again. BUT, you will see that the second rampup does not reach the previous high.
The stock will selloff agin and "party over".
Moral to this story. If you miss the first ramp, wait for the inevitable selloff and buy when the stock hits bottom. Take a healthy profit before it peaks again.
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