SMN - Chart, page-3736

Hi Patong

I notice that three of them got smashed overnight. QBUT, QBTS, NKLA and QSI.

With QUBT, as I suggested in your earlier post when you were talking about $100, I asked was that before or after filling the 12.24-12.60 gap.

The previous days close was 17.49 and that gap was filled overnight. Closed at 9.91

Stop losses set days ago at $16,$15,$14 and $13 wouldn't have worked until 12.73 or lower was reached because it gapped down. Stop loss preset trades are not necessarily a safety net at all.

I have talked about flash rises in the past. There are sustainable ones (with a strong sensible build) which then undergo an relatively normal profit taking correction. You could call these a breakthrough flash rise. Then there are the unstainable ones, far too dramatic and rapid. FOMO strongly governs these ones, so after reaching $27 have people talking of $100.

With QUBT notice that we have already reached my 1st predicted target area, but far too rapidly. The entire rise from mid Oct of 0.70 to 27.15 is very questionable with that the B-wave retrace which has already fallen below that 61% retracement FIB. That's DCB country. There is a lower unfilled gap 3.80-4.03 that could easily come into play.

It's the same failed stop loss story with QBTS, QSI and the NKLA stop loss traded you suggested is right on the edge at 1.21 with an unfiled gap 14-19.

It's a dangerous game you play. Live by the sword . die by the sword.

The ponderance of your trading is in the exit. Easy to tell after the event but not while it's playing out. It's amazing how many people sold above $2 when BRN went through that Mercedes pump rise in 2022. It was there for just a matter of mere hours.

I am hoping that SMN and BRN flash rises are the sustainable breakthrough type. OCC is the perfect example of this.

Cheers Lies