Parabolic moves don't seen risky. In fact, they "seem" bullish. But they're actually very risky. Qualcomm (QCOM) is a prime example. It shot up and got historically far away/above its 200-day moving average (red arrows). That distance showed the risks that were there but that hadn't been felt yet. Recently, however, you can see those risks coming to realization.

Comments (3)
No. 1-2

That is quite interesting!
Thanks for the continuing education.
Best Regards, Jon