Hard to find positive chart with extreme pull back without gaps.
Verdict? Patience, that's all it takes.
My favorite chart formation, hard to come around. I am not greedy, I will just take 30% gain and walk away.
What goes up without pull back must come down real hard.
desperate? more like I am excited to find the rare gem. Everyone holding oln thinks the way you do. They will start selling when this thing stops going up. insider is holding less than 1% of outstanding. When institutions start taking profits there won't be any profits left for you to take. Probably, you didn't sell cause it didn't go down. OLN has very unhealthy chart pattern. I am under water less than 1% on OLN but I have over 95% track records.
Good luck, and don't get stuck in the massive stop losses.
50% vertical rally without gap, without healthy pull back. without steady sustainable chart historical pattern..... that leads to one thing, everyone will be dumping oln at the same time. It will come.....losing months of gains in a few trading sessions. Why not profit from mindless free loaders?
Danger of stocks rising without pull back, you can lose months of gains in just a few trading days. You need casino discipline, cash your chips and walk away without looking back.
Probably, this company sells pills for instant AIDS cure, but still vertical rally can not sustain. Pull up the chart, history never lies. Some things happen lightening fast, but others take time to build up chain of motion. It is a matter of time, not if. We are heading back to low 20's.