WATCH $ALB
Bearish
Fundamental
- Inflationary macro environment / fear sentiment
- Funds Distribution
- High PE
- Decent PEG
- Decent P/FCF
- Strong Sector / Industry / Not Leader
- Decent earnings
- Decent fundamental
Technical
- Momentum Theory Indicator - H&S formation momentum
- Price action formation ( rising wedge )
- Broke upward Trend line and retest previous high forming double tops
- Price below 200MA
- High volume node at peak
- Potential cup and handle formation
Entry idea
- Entry idea was based on few confluences
- Break of neckline and retest
- Momentum broke neckline
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"the distance between dreams and reality is called action"
Cheers and happy trading!
Fundamental
- Inflationary macro environment / fear sentiment
- Funds Distribution
- High PE
- Decent PEG
- Decent P/FCF
- Strong Sector / Industry / Not Leader
- Decent earnings
- Decent fundamental
Technical
- Momentum Theory Indicator - H&S formation momentum
- Price action formation ( rising wedge )
- Broke upward Trend line and retest previous high forming double tops
- Price below 200MA
- High volume node at peak
- Potential cup and handle formation
Entry idea
- Entry idea was based on few confluences
- Break of neckline and retest
- Momentum broke neckline
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"the distance between dreams and reality is called action"
Cheers and happy trading!
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