Into The Wild:

Recreational stocks are feeling chipper as of late. Below is the chart of WGO, and it has reestablished itself higher 12 of the last 14 weeks. Those that think its strength was because of the “reopening”, would be wrong, as this name in a rough one year period from December 2018 to beginning of 2020 traded from the round 20 to 60 figure. This could be a double top, or a rest stop before another launch above a cup base pivot near 73. Let strength show itself, and if it does not leave it alone. Patience pays in this current market environment. Peer CWH was above 40 intraday four sessions this year with no CLOSES above. The 30 number which was rough resistance last November-December. PII has acted well since filling in a gap in early February from 1/19, and has the look of a bull pennant. PTON recorded a bullish hammer candle Tuesday, and BC looks held the very round 90 level. Pick your spots, and manage accordingly.

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