Jan. 25 at 8:37 PM
$CMCT Never chase a stock, buy the pullback runs! You can see how powerful wedges are. Check some of my other post.
My bullish wedge indicator here showing no signs Friday of a proper signal to buy. Plese ready my other post on how the logic works. Created two wedges, both failed. Usually if the first wedge fails, the second wedge - people get demoralized to buy. Enthusiasm quickly fades.
We can see that price came back to the second wedge resistance attempting a breakout, but no "BUY" signal was triggered. I have set this signal to only appear if 1% of the float is traded on that breakout.