It’s hard to fathom a trade working this well. Check out Fathom Holdings ($FTHM). (December 07, 2020)
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Let’s look at Fathom ( NASDAQ: FTHM ). I covered this last week on this breakout, a pretty aggressive move back here. It kind of solidified, it kind of traded sideways for a bit, and then finally today this thing broke out again.
As I first looked at this it feels like you are definitely chasing it if you are buying it here, you are absolutely chasing it. The way I see it I prefer to see the stock, at some point, kind of give up some kind of a pullback; we’ll say this was the breakout level right about there, I would like to see it come back and give you a second bite at the apple. Right now, if you are chasing it how far down do you allow it to go before you have to sell it and say oh crap I’m wrong?
I am not going to go into great detail here. I just want to point out that this is a stock that has some really, really good upside momentum. If you look at the weekly chart you can probably get a good idea what it’s going to look like, here it is. The weekly chart shows this stock in a really, really super strong uptrend and I think it’s one that you definitely want to own it.
If you are in and I know some of our people are if you are in just stay in. The way this thing is going it could easily hit 30.00 tomorrow. But I am just saying it’s late right now for you to be buying the stock. You want to say I want the best entry or no entry at all, that’s what the deal is, okay?
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