QUOTE(kevraul @ Jul 15 2020, 10:43 AM)
i feel very enlightened reading your posts
Boon3btw... what I mentioned it's searchable on the net. try
Climax top definition ...
https://www.investors.com/how-to-invest/inv...sful%20run%2Dup.
QUOTE
Here are the signs of a climax:
• Big blast. Near the end, the climax-topping stock may put in accelerating price gains in a short time, perhaps 25% to 50% in just two or three weeks. Also look for seven rises in eight days, or eight gains in 10 days.
• Broken channel line — on the upside. Try drawing a line touching the upper end of a rising price channel, beginning near the breakout and connecting at least three points. If the stock rises above the upper channel line spanning several months, it's a sell signal.
• Exhaustion gap: After a long climb with big gains, your stock suddenly gaps higher. This shouldn't be confused with a breakaway gap. The breakaway gap often occurs on a breakout and is a bullish sign.
• Largest daily point gain. Like the exhaustion gap, check for such a point gain appearing after a big rally. The stock's rise should bring it into the climax-top time range, 18 weeks for an early-stage base.
• Record-high volume. Or at least the heaviest volume seen in the entire run-up.
• The 200-day moving average. When a stock rises 70% to 100% above its 200-day line, it's giving you a sign of a climax.
just remember to look for these signs on the back of sharp rallies during a relative short period of time......
but also note..... this doesn't suggest the END... it just suggest that it MIGHT be a good time to SELL FOR A PROFIT during the current phase...
sometimes the stock might still have life to make another rally... (like we seen after the June consolidation) ...
sometimes it doesn't...