Fastenal Co. (FAST): Might want to get out FAST!
SUMMARY
When you see the top of a major wave 5 approaching, should you be buying more hoping for more or take profits? So, in seeing how Fastenal Co. (FAST) is pretty much doing exact that; what would you do?
I believe the workings of the Ending Diagonal pattern is nearly complete for FAST and it could fast start a sizable decline. The 1,2,3,4,5 waves of the ED pattern overlap and it is allowed to via EW rules. The coming ABC correction will be a significant drop that probably noone is expecting right now! Be CAUTIOUS!!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Nice post....thank you....!
Thanks for your information and the disclaimer, no one should take it as final financial advice, nice post
It's time to short it or buy put options.
nice...
good luck for the next
Thanks for sharing
Great content I'm waiting for next posts, I read my greetings great