We're about to go parabolic.
Strong support. Strong buying pressure. Coiling like a spring.
Holding for the climb.
What is the definition of the term "parabolic move"? What does the term "parabolic move" mean?
The term "parabolic move" is derived from the mathematical term "parabola".
Definition of Parabolic MoveIf you have Googled the term "parabola", then you have probably seen a picture of what a "parabola" looks like. Now apply this to a stock chart, and you are witnessing what is called a "parabolic move".
In a "parabolic move", a stock starts going up. Buying interest increases dramatically, sending the stock into orbit. The stock is basically moving up in a straight line, giving the chart the look of a "parabola".
This is the definition of a "parabolic move".
An example of a parabolic move? Qualcomm (QCOM) in the late '90s. QCOM was loved by many investors in the late '90s, sending the stock into a seemingly unstoppable upswing.
In mathematical terms, a parabola is a curve where any point is at an equal distance from a fixed point called the focus and a fixed straight line called the directrix. In the context of the stock market, a parabolic move simply means that the rate of the stock market gains will increase by a large amount.
A parabolic move can be highly profitable. There is potential to make more money in the stock market than has already been made.
Thanks just sold 100k