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Chart Patterns to Avoid: Climax Top Off a Parabolic Move
Filed under: — site admin @ 9:26 am on 10/26/2004 .
Chart Patterns to Avoid: Climax Top Off a Parabolic Move – This pattern occurs when a stock rises very quickly out of a base and gets overextended. Stocks in a Parabolic Move can double or triple in value in a very short period of time (usually less than two weeks). As an investor you certainly don’t want to be one of the last passengers on the train and get quickly thrown off. Some examples of this pattern are shown below.
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