Crocs, Inc. (NASDAQ: CROX): Here’s a 1-hour chart with 1-minute candles taken about 15 minutes ago (at 2:15 PM NYC time). I post it to show the recurring and amplifying pattern of extremely tight and quiet areas, highlighted by the purple boxes, followed by volume increases and intraday rallies, highlighted in green, followed by consolidations on declining volume. Also worth pointing out is…
…the technical signal given by that new intraday high on lower volume (highlighted in brown), which showed when the 12-minute, $1.50 rally used up its current tank of gas was going to make a pit stop to refuel. Also marking that intraday top was a single May $30 CROX option contract trading at $3.30, right at the exact intraday peak (so far). Cheers!
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