14d • Chart Reviews
BUG, Redux
Entered 8/26, sold today, 8/27. Since May, this has been moving almost with the symmetry of a sine wave on an oscilloscope, tilted up. Traded it 7/31 to 8/5 (arrows), exiting prematurely for only half the swing (arrow on 8/21 an alert, not a trade). I watched as it continued to swing back down and reversed yesterday at the uptrending 50ma with a green engulfing candle; volume was sub-average, but MACD histogram showed a slight bullish turn. Big volume today, and price move amounted to almost a full swing, so I closed it; could also be premature, but not willing to risk giving any back. BUG is part of a cohort of cybersecurity ETFs that are all moving in tandem, and all the others also have cutesy ticker names: HACK, IHAK, CIBR.
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BUG, Redux
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