Deep Base Breakouts Tend To Be Unstable Traps - #1390
Deep base breakouts tend to be problematic since they have already traveled a great distance JUST BEFORE they attempt brand new highs.
Unless...
I, also, revisit yet again the power of RSI 69.1 when seeking explosive trading instruments. The higher the Relative Strength Index - RSI - the stronger any trading instrument is. It is where one needs to have a strong stomach so as to be available for the opportunity to be part of rare market explosive moments. Bang! An original Muathe.com concept.
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We look at how to avoid stocks with ugly looking charts since they tend to repeat this pattern of behavior and owning such trading instruments can be frustrating.
[ Sample ] Stock Charts RSI 30 Level & RSI 70 Level Explained
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"The Ultimate Muathe Breakout [ UMBO ]"
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#Breakouts, #MomentumBreakouts, #LeadershipStocks
"Uniformity"
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"RSI Divergence 2.0 & Uniformity"
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