There are times when a stock does all the right things and looks good for the strong bullish move but then just when everybody gets excited, it just refuses to move and drive investors crazy
Case Study: Container Corporation CONCOR
Source: Chartalert.com
Concor stock made a big bullish move from 460 (Bullish Base) to 660 levels in just over 1.5 months in August-Sep 2019 and since then has been a grand disappointment. The stock gradually pulled back to test the Gap support and the moving average. It took more than 2 months to play out this pullback and thankfully last week has resumed the uptrend. Hopefully, the stock will move higher again. I am glad I covered the stock when it was right near the Gap support.