Rangoth
Blackwing Lair Raider
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I wonder how much programmed selling occurs when a stock hits a 52-high. So often I see stuff hit 52-high and then immediately fall back. It seems pretty rare for it to just blast through and keep going.
I pretty much play technical lines for that reason. Retail investors certainly don’t unionize and say “ok, let’s hold the 50dma!” It’s all algorithms, HFT, etc.
The only time humans get involved is massive swings on good/bad news cycles. The kind of swings that ignore lines while people jump ship or climb on board at almost any cost.
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