I had great success with the diamond pattern on Ulta Beatuy (ULTA). This is a far more important stock for the overall market: Berkshire Hathaway (BRK.B). Although the diamond is not complete, I shorted here at the underside of the 2008 trendline, former support now potentially resistance. Diamond patterns can produce explosive moves in either direction, depending on how they complete.
Snap Judgment
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FEEDNot sure what else to say on this: the gap is almost closed, and this
company is a third-tier social media outfit.
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