Replies to post #29054 on lowtrade

[lowtrade]

Since it blew past resistance and a handle didn't form. I'd expect the bump & run pattern will dominate. It's going to high, to fast, on to little volume. IMO high risk play. Remember trading rule #1. NEVER chase a running stock!! Well it's running.

Not my cup of tea, but if you don't mind risk, the 2 red days consolidation was good. Kept it from becoming parabolic and there has been no high exhaustion candle spike yet. So nothing in the present chart is signaling selling.

There is good and bad there. With the bump & run pattern saying watch for an exhaustion spike candle for sign of reversal. It's a personal call.