From prophet to panic stricken pennant watcher in less than a week. I will accept you apologies later. As I mentioned before, seeing patterns is a dubious science at best. I will say that the chart on NEWL would qualify as a traditional pennant, but the formation is silly. Stick to the basics and leave the ink blot tests to the Fibonocci people and Elliott wavers. TA is a vital tool but getting too far in the weeds can lead to seeing things that are not there. I will go back to hiding, but I am still long both EXM and NEWL.
I'm the best contrarian you will come across. When I get exuberant; you sell. But when I get pessimistic; you buy.
After losing a few thousand the past few days, I decided to sell half my position. It wasn't all exm, I had a bad week with GNK and Drys as well.