🧵 Beware Stage 4 | The Declining Phase
A period when the factors that maintained a stock's price during the topping phase give way to the fatigue & pressures of sellers.
Lots of examples:
$FVRR
$TDOC
$PTON
$PDD
$GRWG
$PINS
$ROKU
$DKNG
$ZM
$RDFN
$PYPL
$FSLY
$COUP
$CHGG
$STNE
2/ $FVRR
3/ $TDOC
4/ $PTON
5/ $PDD
6/ $GRWG
7/ $PINS
8/ $ROKU
9/ $DKNG
10/ $ZM
11/ $RDFN
12/ $PYPL
13/ $FSLY
14/ $COUP
15/ $CHGG
16/ $STNE
17/ As the charts show above, it's dangerous to hold & buy stocks that are in stage 4 declines.
In addition, it's dangerous to hold & buy stocks that have cut below the 200d ma & cannot move back above, while in these stage 4 declines.
Wait for a new stage 1 or base to form!
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