Thread by @cperruna

🧵 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!