JudgeSZN
2.1K posts
$SLNH still above invalidation (candle close below 1H gold zone) and in range. 👍
Okay, so the Yahoo Finance API worked today. I pulled out the $RKLB data for the last 30 days, from May 13th to June 11th, and drew the chart below. Check the arrow pointing to the rectangle. 3 consecutive high volume days and green closes. I read such behaviour in @markminervini book and it shows stock getting momentum and on breakout followed by 2 days of consolidation... this is also a sign big buyer institutional accumulation. We'll see a few more days of consolidation before it takes off again. Blue line shows the close prices and you notice that on higher volume stock closes much higher and consolidation happens on much lower volume which affirms the thesis that the stock gaining momentum should have more up days on higher volume. Thursday and Friday are consolidation days and next week we're all set for next wave.
