GS had a strong week and closed near its weekly high and at a n ATH. WGB occurs when it retakes its 4 wk average and 4wk>10wk>30wk..
Blog post: Day 50 of $QQQ short term up-trend; $IBB had a GLB, so did $DDOG, $ZI and $SITM, charts provided
With the new bio-engineered COVIC vaccines it is to be expected that biotech stocks would be strong. Hence the GLB in the biotech ETF, IBB. The green line peak occurred last February. The volume was only about average on the break-out. Let’s see if it holds the green line on Friday.
The following 3 stocks had a GLB on many times their average daily volume and are worth watching. If I own a GLB, I sell if it closes back below the green line.
Blog post: Day 49 of $QQQ short term up-trend; $BNTX signals climax top?
When a stock that has been on a tear has a large gain on the highest volume in many days it can be a sign of a top. Note that it is extended outside the upper 15.2 daily Bollinger band. The “N” shows when BNTX triggered my oversold bounce signal (OSB) after a VCP and I started buying it. Note the prior black and green dot signals.
