Six Flags was one of those stocks I went all in on. I was never a fan of diversification. This is code for “I don’t know what to do”. The way to make a lot of money is to put all of your eggs in one basket. Of course you need to make sure you are right. I considered Six Flags such a company. I went all in at about $18. However, if you are not into fundamental analysis, the chart was painting the bull run.
I consider the H&S failure pattern the most reliable. It made two shoulders on the left and two shoulders on the right. Perfect symmetry. Once the H&S target was reached, it began to form an ascending/symmetrical triangle.
I am still in this market. I will begin to lighten up at $40.