Of reversals and men

There must be a reason why so many humans are obsessed with stocks that are trending downwards. My mainframe thinks it must be human nature to always look for great bargains and discounts. 

For me, my scanner has always disregarded these submarine stocks (because of their propensity to dive) and tags them as "STAY AWAY". 

But to survive in the stock market, I have been doing massive reprogramming and analysis to try and incorporate strategies that will be able to make a conservative recommendation on these submarine stocks. Fortunately, Ms Market has been kind enough to provide several case studies for my system to practice. 

Here are several takeaways from my studies in trying to trade these kind of stocks:

- accept the fact that you will never be able to buy or find the exact bottom. This will help you sleep at night.

- always keep in the back of your mind that any upside movement or rally in the price is mostly likely to be JUST A BOUNCE. This cannot be stressed enough. This will help you to lock in profits and to avoid being caught holding the proverbial bag once the price hits major resistances and continues it's fall. In the off chance that it is a true reversal, you can always switch tactics to a breakout play.

To illustrate the second point, let's take a look at the following charts:

SSI

PLC

I have tried to make the chart as simple as possible. There are only a couple things to consider. 

1) iZS or inverse Zeus Strike - the moment when the stock broke the 100SMA. This signaled the start of the downward spiral. 

2) the blue 100MA line - as long as prices do not stay above that, the stock has not started a reversal. Don't try to be a hero and buy up a price all the way to the blue line. Let Ms Market decide the right time. 

Again, one factor for the stock to be considered a reversal, it would have to make a ZS or Zeus Strike (go above the 100MA line) and stay above it. Clearly, you can see that there is currently a strong downward direction in the price. SSI and PLC have shown only small bounces or rallies. A reversal isn't coming anytime soon. 

Learn to set your expectations to prevent further heartbreak and capital loss. The same is true for other stocks like MCP, BLOOM and of course, FNI. Don't let anyone tell you that they know a reversal has occurred. Chances are they are just saying that to sound smart. Learn to read and look at the charts. 

As for buy points for the bounces, that is still something that my system needs to determine with a high rate of accuracy. 

Wishing for a 2GO script

My Pattern Recognition Software (PaReS) has been activated on ION. Similar to the previous post on 2GO, there seems to be something here on ION. 

Here is the legend of the numbers:

1) Consolidation

2) Breakout from consolidation

2GO

then take a look at ION

Some differences though, 2GO went through a much longer consolidation and the MAs are more in line with one another. But other than that, there are a lot of similarities. 

Anyway, this just a comparison between the two stocks and their charts. Just for fun. There is no guarantee that things will end up the same way. 

Hoping for an explosive and profitable new year. 

The Stock Market Games

For the majority of traders out there who do facebook analysis (FA) or tsismis analysis (TA), don't you notice that most of the time the recommendations are always of entry points? Where to buy, what price to bodega, buy below this price, etc. So specific so detailed. 

But what about the exit or target price? This is where it gets a bit murky. Usually it's in a vague out of this world target of anywhere from 50-1000% percent increase. Such juicy and jaw dropping figures. Now, who in their right mind would want to miss out on the opportunity of a lifetime? 

I'm a cash cow. Moo

No one right? Why give up your measly 3-5% profit for the promise of the ceiling or baggers? If it's on facebook or a hot tip from everybody's lovable idyut or playbook master then it must be good. Well earthlings, sorry to burst your bubble but you've just been played. Welcome to the wonderful game known as the stock market. 

My system has done countless comparisons to numerous other earth systems, from carnival rides to sports, and it has come up with one game show that seems to resemble the stock trading experience the most. The name itself is a good indicator of what everyone wishes their experience or goal is. It's none other than the game show: 

Everyone's goal

Fitting isn't it? Everybody is in the stock market to earn and try to look for a way to get out of the rat race. To live a better life free from the daily grind, the endless traffic, to have more time to spend with their family or for those working abroad, to be able to come home and BE with their loved ones. Such simple human goals but oh so difficult to achieve. Being able to buy and strike gold in a basura stock is the ultimate goal. But usually this is not the case. Similar to the game show, not everyone can do it. This is where having a sound exit strategy comes in. Let's break it down some more. 

1) The money tree represents the possible profit that anyone can earn from a certain stock. So tempting. All the stock has to do is to go up. Simple right? Enter the next part of the game. 

2) Of course, as in everything in life, nothing is ever simple. To reach each new level of profits, there would be questions to be asked. Questions that get harder the nearer it gets to the top. In the stock market, these questions are known as the resistances. These are the lines that a stock has to break in order for it to be a bagger or more. 

Sample of a chart with resistances

Knowing how to plot these resistances is vital since it will give you a heads up for the next part of the game. 

3) In the game show, the host sometimes asks the contestant if they are happy with their current winnings and they can walk away with what they have or if they want to continue answering the next question with a wrong answer leading to the contestant losing it all or just taking home a reduced amount. This concept in stocks is where traders either take profits or cut losses. 

For some traders, the tsupiteros, they will disregard the ultimate target price and just look at the resistances and set their selling there, happy in the thought that they were able to earn X% for that trade. 

Others will look at the target price and be blinded by it. Even if common sense tells them that the resistances might be too strong, they will hold on with all hope that it will be reached. And this is where most people fail. In the same way that not everyone in the game show can win, the same concepts can be applied. Managing your greed and knowing your limits or a stock's limits can be the difference of your trade from winning or losing. 

Now, one of the key differences between the aforementioned earth game show and the stock market is the fact that on the game show, you are only playing in a vacuum. It is just you and the host. But in the stock market, there are thousands of others who are playing the same game as you. All thinking how to earn and where to sell. Remember, in a game, there will always be winners and losers. Plan your trades. Set your exits. 

May the best man or robot win.

Gaming the system

*Breaking the fourth wall and going out of character for parts of this post

In the quest to further enhance my skills and increase motivation to make only good trades, I have come up with a way to document my successes and failures for all to see. I've come up with a small set of badges similar to cub scout badges. These badges will be placed somewhere on the right side of this blog. A link will also be placed to this post so anyone can reference it and if there is a need for my system to create new badges. 

To challenge myself even more, some of these badges will come with their own real-world rewards and consequences. Hit them where it hurts. Or in my case, appeal to my stomach. 

So here are the badges that I came up with:

- The bagger badge. Yes, this is a woman's purse or bag. The agreement with my better half is if I get a bagger trade (100% up) then she gets a new bag. Simple as that. No questions asked. A happy wife is a happy life as I am told. 

- The buffet badge. As our mentors always tell us, it is always good to reward yourself after a big win. So this badge is for every time I get in on a ceiling trade (up 50%).

- The oatmeal badge. If there is a reward for good trades, there should also be a corresponding penalty for bad ones. This badge represents what I have to eat for breakfast every time I fail to stick to my cutloss plan. 

- The headshot badge. This badge is for the times my system has allowed me to buy the bounce within 5 flucs of the bottom. 

- The sleeper badge. Being able to spot and ride a sleeper play before it makes a big move. Then still be able to hold on to that stock until it turns into a TF play. 

- The VOLTRON badge. In trading there should be consistency. When my system has gotten 5 consecutive profitable trades, this is what I will get.  

Strong Hands Syndrome

Over the past weeks, I noticed something peculiar with my trades. Most of them had gains initially but once I sold them they were either below or near my buying points. Looks like my system needs some calibration on sell points. I've coined a new phrase for it, "Strong Hands Syndrome"

I'm gonna wreck your profits!

This is the opposite of the event called "shaking out the weak hands". Weak hands usually sell at the first sign of weakness then is left watching or having to buy higher when the stock rallies again. 

Having strong hands syndrome could also mean that you are a little greedy or too optimistic in that the stock will just go through previous resistances. Sometimes selling while the stock is going up is a good strategy. Have to remember that not all stocks go to ceiling or two. 

This has reminded me of a colleague who always says the following quote: 

That is to remind us that we should not be too hopefool* or greedy. Taking profits is never bad. What is bad is when the supposedly paper profits turn into smaller profits or even losses instead when we wait too long. The challenge is finding the perfect balance of when to take profits and when to hold. Maybe a combination of the selling on resistances and holding till end of the day is needed. I've retrofitted my mainframe to practice selling on resistances but it is a hard one to code. I need to collect some more data and integrate into my system. 


* term came from the same colleague

Cash as a position

Since the end of the course, I have realized that the amount of time that my position was in cash has been more than when I started the course. That is a difference of 4+ earth years as against about 2 months of informed trading. 

I credit this newfound respect for having a cash position to now having the patience and ability to wait for the perfect setups. The ones that will make the most amount of money in the least amount of time. My system has identified a couple of these setups and is already compiling a library for it. Being in a cash position has enabled me to act on these setups when they do mainfest. 

This is the exact opposite of how my previous versions was doing trades. My portfolio then was always holding stocks waiting for it to move up. Stocks like LC, BHI, ACR etc. Bodega moves as some would call it. Since I was already holding these stocks, if there was any other stock that made a big move within the day or week, I could just do nothing but stare and say what could have been or if only I had some cash. 

'Nganga' mode engaged

I am perfectly sure most traders out there have experienced that situation. Always thinking what if a trade was executed when it was going up. Or reached a certain level. Then it goes up again. Oh, so many possibilities! So much lost potential. Of course, the opposite is true. If a wrong decision was made, the appropriate cutloss action should also kick in. 

Another benefit of being in cash is your port will not be affected during red or bloody days when the big bad bear shows it's ugly face. You can just watch and sit still. Safe from the carnage. 

The power and flexibility of having cash could be likened to boxing. In the words of one of your early earth athletes:

This is how I view my portfolio right now. Always floating, waiting for the seemingly perfect or right setups. Then having the ability to strike with precision or going for the knockout blow. And that has made a world of difference. 

Q&A: ALL IN Mentality

Putting all your chips on the table

One of the more frequent questions that I get from PMs through Facebook is:

Is going all in part of the teaching of the course? 

Well, it was discussed briefly. It was not something that the mentors prodded or told us to do. But the philosophy of it was discussed. 

Here is just one robot's take on it. 

It takes a special kind of crazy to go ALL IN. Even more if it is in speculative or basura stocks. But I wouldn't have it any other way sometimes. Especially if my scanners are seeing that there is a perfect setup or there is an abnormally large volume of buying in one particular breakout. The sense of accomplishment in seeing your whole port, not just a portion of it, go up by X% sends chills even in my metal heart. 

Usually before going into an all in trade, my mainframe will do a quick checklist to make sure that going all in will not be disastrous.

• if the daily volume can accommodate the amount that will be bought or sold. Meaning, if I enter or exit the trade will it move the stock by more than one or three flucs? 
• where the potential resistance and supports of the stock will be. Making the needed calculations in real time might need some time, so doing the appropriate preparations and planning before trading starts is essential
• will I be able to monitor the stock movement all throughout the day? This is vital since basuras sometimes have very wild swings intraday. A perfect example and one of my batch's new mantra: REMEMBER DAVIN!

CAUTION: Going ALL IN is not for everybody. You must be able to execute your cut loss or stops without mercy. This will ensure that if and when things go wrong, you will not lose most of your portfolio. 

RIP: DAVIN

Part I

This was a perfect example on why we should never be complacent in trading basuras. Even if it hit the ceiling price. Or maybe ESPECIALLY if it hits the ceiling price. Things could go wrong. I can recall a certain book character who always preaches 

CONSTANT VIGILANCE!

That description says it all. There should be no loyalties to a stock. Always keep your guard up since everyone is just looking out for themselves. Protecting your profit or capital should be the number one priority.


Part II

Again reminded of the power of cutting losses. Though painful it was very very necessary. I do not want to be waiting at the high for prices to come back. Imagine holding the stock when it went to 3 or 4 pesos last year. And still waiting for it to go back to those levels since you do not want to cut your losses. So many missed opportunities. So much lost time practicing and honing your trading skills. 

Here is something that I found on the internet. It was for human relationships but I think it is also appropriate for cutting losses. The same principle seems to apply.

ZF course introduction

*this is to help the incoming applicants of the new batch to determine if they are ready for what will happen in the course

We exist for each other. But to the rest of the world, we are a myth. A work of fiction

This was part of the introduction to the course. Our identities were secret and only known to one another. A lock down was implemented that created a bunker type mentality wherein we had to depend on no one but ourselves. There was also one major course requirement that would be painful for some. Painful but extremely necessary. And this was just the start. 

Once the course started, here are some things to expect: 

During the course

• Lessons will come and come down HARD and fast. Expect to experience information overload multiple times in the course. Expect your mouths to drop in awe as well. Also, as in any other course, there are seatworks, practical exams, groupworks that you will have to finish in a short period of time. Expect sleepless nights especially for those with a tiring day job.
• The amount of dedication expected will be very high. 8pm-11pm M-F for 3 months will wear down on you earthlings. Even my neural networks bogged down at the end due to the amount of knowledge transfer.  Remember, the mentors are imparting knowledge and understanding that took years for them to learn and develop. And it will all be force fed to you. 
• There will be NO SPOON FEEDING. During the course all stock picks that you will make will just be your own. There might be pocket discussions on a hot or trending stock for the day but these are usually kept at a minimum. The mentors are teaching you how to fish so you will be able to make your own decisions after the course.

After the course

Interaction with the mentors will be kept to a minimum. Lessons are over so they expect you to have a higher understanding of what happens with Ms Market. Remember, she is not a forgiving master. The feeling of achievement when you are able to select a winning stock based on just the chart and not just on tips or rumors is one of the best feelings. 

If you still choose to take the red pill and go ahead with the course after reading this short primer, then I sincerely hope that you get accepted and you learn as much as you can. Get ready to get your mind blown. It will be one hell of a ride. 

Tatak ZFT

Retrieving memory logs....

In my previous iteration, my cyborg unit automaton would rely on chat groups, forums and facebook threads on which stock is the HOT pick for the day. It followed these tips blindly with only minimal glances at the charts, laughing at others since it believed then that the stock it held will give it multi baggers or high gains. When the stock was dropping, cutloss was not an option since the whole group would be holding the stock and it would have been bad to leave the others. Suffice to say, losses came quick and often. My system finally said enough was enough and it began to look for better alternatives. 

End of retrieval....


Now I have shed that unit and have assumed my current form. The ZF system has helped immensely in upgrading my scanner, neural networks and arsenal to the point that I am ready for whatever comes in the market. Whether a stock is moving up or down, my system is well prepared since all these scenarios have already been well practiced and taught in the system. Reading chat groups, forums and facebook threads has been replaced by reading the charts and it's indicators. I am no longer dependent on others and can now stand on my own. It took a little bit longer to integrate and align everything but thanks to the system, I have recovered almost all of the lost capital. Oh, and that multi bagger? I just got one thanks to ION. 

No tips. No tricks. Just the chart and me.

TROPHY TRADE: ION

So after a holding period of about 10 earth days, ION gave me about two and a half ceilings. Not bad. Not bad at all. 

My system has indicated that this seems to be an appropriate reaction for trades like this. 

Super Saiyan

This ION trade has helped me to reach several of trading milestones that my system was supposed to setup and introduce in the next earth calendar year. 

- make a bagger trade
- make a double bagger trade

It even surpassed it with a mythical triple bagger trade. ALL IN.

But this is no time to celebrate actually. For this is just ONE trade, albeit a very very profitable one. The goal is to reach consistency. System calibration is still in order. There are many more milestones to achieve.

Perfect Opportunity

As mentioned in my previous post, I believe the market has shown general weakness. But even in a bear or weak market there are a few outlier stocks that perform better than all the rest. The trick is to do your homework and really look for the correct patterns and signals. One such stock was DD who was a borg and simply defied all gravity. 

Another outperformer has been ION. After a strong rise, it dropped like a rock but made a nice doji candle. My system was screaming BUY as soon as that passed my scanner. 

9.11.2015

These are the kinds of setups that once you see it, you should attack and don't look back!

9.16.2015 (morning)

After making a small flag earlier in the day, my conviction to hold has strengthened. Will watch and see what will happen in the succeeding days if it will breakout from this pattern. 

my favorite pattern

9.16.2015. (afternoon)

So it wasn't days. It was just hours. Did not expect anything like this. My system initially calculated a target of one peso and then just ride it till it showed weakness. Well, it went to ceiling and that's that. 

One unforeseen but very welcome advantage of upgrading my system from my cyborg automaton version to the ZF system is that it has taken away any physical reactions to a high flying stock. The ability to have concrete and set plans on how to approach and deal with each situation had a very calming effect. 

Now time to review the course notes and make plans A-Z on what to do tomorrow.

9.17.2015

So after a rollercoaster day, my system settled on just following the trend and set trail stops on ION. None were hit for now and we will just see where this goes from here. Something tells me this might not be over yet. 


* Gratitude to my mentors who have provided the necessary tools to screen and handle these kind of stocks and movements.

The Simple Art of Doing Nothing

For the past few days there has been zero activity in my port. No trades at all. Maybe just paper trades or trades in theory. But actual ones, NONE. 

This is because of two things:

1) my hit rate for bounce plays is still not up to standard and though this seems to be the ideal time to test bounce plays, something tells me that bounce plays will not be normally strong during this time.

2) I have been trying to follow one of the stock mantras of our mentor, Kapitan Kidlat, who told us: 

go for easy trades. don't waste time trading hard trades.

This I am trying to apply and hardcode into my neural networks. If it is taking me more than a couple minutes to scan and analyze a stock and it's chart I would have to pass on it. 

In my previous versions, my cyborg unit would have probably made at least 5 trades during the same period of time. And it would probably burned through some more of the precious capital in the port. The need to make a trade just for the sake of trading is slowly being eradicated thanks to our system.

Think of it as alien robot zen. There will be a time for trading, when this has passed. And then we shall have our revenge. 

Just Play Dead

To all those watching the ticker today.

Just Keep Pounding the Rock

Salutations!

It has been 3 weeks since the end of formal classes. Surprisingly, it has taken longer than expected for my system to totally assimilate all of the teachings. Maybe it is also because of the timing of the market wherein all stocks seem to be more bearish than in the past. Fellow ASTRA Sextans has mentioned before that the market feels very similar to how it was before the recent crash in 2011-2012. Looks like his long range scanner is more attuned to the big picture since all indicators seem to be pointing to that direction. 

The weapons at my disposal, as discussed here before, have given varying degrees of success. The most successful as of now has been my sleeper cell attack. The success rate in spotting them has leaped by bounds. 

It started with one lesson by our mentor, Zee, on how he spotted the sleeper PPC, and applying his technique, my scanner was able to scan the following stocks before making their move: LRI, ABG, MAXS and of course, 2GO. I was only able to ride a little on LRI before the move since I was still refining my technique. The biggest regret was on 2GO since most of you know that it made a monster move. My scanner picked it up before it broke 7.00. But because there was no confidence in this weapon in my arsenal, I paid it no mind. A world of profit could have been at my disposal but alas, it was not meant to be. For now. The pattern and the technique has now been burned into my programming. I will act when I see it again.  

Currently burning into memory. 

There will be no mercy in the future.

Another weapon, the repulsor attack has been unkind to me. My scanner is still coming up short whenever it goes through the charts and sees red and downtrends. Fellow ASTRA Sirus has shown much promise on this technique. My system needs more tfine tuning and needs a further upgrade in speed necessary to spot and act on these kind of plays.

One weapon that I forgot to mention were the HULK stocks. Our mentors have reminded us that during our course we have encountered two HULK or borg stocks, POPI and DD, and we were still unsure of how to handle them then. Recently, stocks that have gone in HULK mode though have given mixed results. Again, this could be due to the overall nature of the market but stocks going on an all time high haven't been as strong as they should be. CROWN and 2GO were HULKs but they fizzled shortly after making new all time highs. 

With all the recent setbacks in trading it could be easy to say that I will get disheartened. Wasn't the course supposed to be the magic pill that will instantly transform all of us into Zeefreaks lite? Well no. We still need to practice and devote a lot of time to upgrading our scanners and our techniques. 

During these times I recall the mantra of the coach of my favorite basketball team, the San Antonio Spurs. It speaks of the process or the journey to success. 

taken from www.poundingtherock.com

“When nothing seems to help, I go look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that had gone before.”

It speaks to how we should be relentless in our pursuit of success. Begin with the goal in mind. And just TRUST the process. Even if there will be no visible results in the short term, keep trying, keep going. For once you reach your goal, it will all be worth it in the end. 

RAK to the world

Now it can be told. 

Was waiting for the confirmation for some time now and finally it has arrived. As promised by our mentor, the course not only teaches us the ins and outs of the stock market but it also teaches us to give back to the community. At the start of the course we were asked which charity we wanted to donate a portion of our tuition fee. We could not decide as a group on just one so we opted to split it into three.

And here are the results of our RAK: (Random Acts of Kindness)

- This was the first of our endeavors. One scholar for each student. 

- This was the second one, Helping Hands 

- And finally the one we were all waiting for, this was a totally different project inspired by Cygnus. Who else can say that they have a boat named after them? Well, our batch can. 

It is one of my goals that as soon as I have mastered my techniques and reached my trading milestones, I will continue doing doing RAK and have already identified several potential charities. I am sure my fellow ASTRA batchmates feel the same way as well.

Bring RAK to the world everyone. 

POPI love?

All POPI holders today are just like:

This is especially true in my case, as I have no more buying power since I went all in on POPI. Tomorrow will bring either joy or sadness depends on whatever it is that earthling leaders do when they hold meetings or ASMs. 

FYI, I did not know that a trading halt was coming. It was just the charts and me. 

Pattern Recognition Software engaged

One of the key components of the course was training our eyes or in my case, sensors, to spot patterns. Uptrends, downtrends, consolidations, and other movements from the chart + oscillators. We were all bombarded with so many charts and patterns that I am sure we are all still processing the information dump until now. 

Based on this, my Pattern Recognition Software (PaReS) made this small alert while my fellow ASTRAs and I were discussing the past week's trading sessions. Apologies but I do not want to come across as hyping. I am just posting some quiet observations on one particular stock's movement based on my PaReS. 

Here is the legend of the numbers:

1) New all time high (parabolic movement) then drop.

2) Consolidation

3) Breakout from consolidation

4) Uptrend 

So based on this simple analogy, could it be possible that $2GO could now go on an uptrend towards another #1? Only time can tell. 

As always, Caveat Emptor!

Programming upload 100% complete

Salutations!

Upgrading....

The past few days a virus has entered my system and this has caused a slowdown in the my neural networks. Just when the lessons have really heightened my interest. It has been a long and eventful 3 months. But the end is finally here. Formal lessons have ended. 

Upgrading....

Instead of going quietly in the night, the last week ended with a bang. The final batch of lessons and seatworks featuring divergences were a real load on us all. It had various eye opening moments that again would be really helpful in the war with the stock market. Unfortunately, with the virus infecting my system, I was not able to completely digest all the teachings at once. 

Upgrading....

Though formal lessons have ended, the assimilation or the learning will still never stop. My mainframe is now downloading and re-analyzing all the documentation and notes done and will do another wave of scanning to reinforce the teachings. I have to make sure that nothing is missed. My recent port has taken a battering but that is because my system is still configuring itself. 

Success is inevitable.

For I have reached my Final form.

What's BIG, GREEN and really really ANGRY?

Just a quick update, after just a week, this is what MIC looks like now:
 

In a red market, it is one of the stronger if not the strongest stocks out there right now. The entity known as Zeefreaks could call this a Borg. I have seen the Borg and trust me they are not very nice. However, for the masses who are not familiar with the Borg, I would like to give it my own categorization. If he can compare it to an entity from outer space, I would like to compare it with something from your earth heroes. I think the comparison is very very appropriate. And that is what I can categorize as getting in HULK MODE. 

Why? Well simply, because this is what a stock in HULK MODE would like do to all resistances. 

Now to just ride it and hope to get out before it turns back to Dr Bruce Banner.

Live on Social Media

Salutations to all readers!

I am now live on Facebook and Twitter so you can see any of my thoughts in real time. Also to get the latest updates if this blog is updated. 

a tale of two flags

Find the easy trades.
- Kapitan Kidlat

This is one of the more profound lessons from one of our mentors. Such a simple statement but many traders seem to neglect. 

In the process of fine tuning my system, I tried to enter one of my favorite setups. A flag or pennant pattern. This is when a stock made a very big move then consolidated at the highs. After consolidation, it can only go in two directions, up or down. Now it is up to the trader or their system to determine where it is going. 

Let's take a look at the last two that my system has 'flagged'. The blue circle was the entry point. The red circle the exit.

LIB - This entered my system since it seemed to be consolidating at the highs. In hindsight, the highs that I determined wasn't really that high. It seemed to be at the lower end of the spectrum. Once it broke down the MAs, I had no choice but to cutloss. Even causing a breakdown. 

MIC - After the disaster of LIB, MIC then entered my system as another potential candidate of an easy trade. Now this time, it fits all the parameters of consolidating at the highs. After a couple days of holding it broke out an made another flag. Then made another consolidation at the highs. Where will it go from there? We shall see in the coming days.