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.
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.