Wyckoff trading method, page-995

For a short term or day trade, yes, probably best to follow the momentum.

But I have been pondering the stock for a bit lately, as the daily movements suggest the trend maybe getting a bit tired, although the weekly is OK so far (remember this week's bar is still incomplete)

I am glad that it made a new high recently, as that gives it a better chance to keep going higher,

See the weekly chart.....




But on the daily chart the new highs are shortening, which may be a sign of weakness, or at least that the trend is becoming tired.
But also maybe a sign of absorption (of supply), prior to a new breakout.
So I watch with interest, but haven't flinched as yet........




cheers