BDKR (VCP - 6W 15/5 3T)
Updated
I bought my positions today
October 1, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Very clear and crisp pivot point
4. One of the leaders in the current market
5. Stock explodes >100% while the market only goes up 6%
6. High relative strength
Flaw:
1. Hard-penny environment
2. Bad close, stock squats after the breakout
I like to see the stock holds up well and perhaps pivot resets.
October 1, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Very clear and crisp pivot point
4. One of the leaders in the current market
5. Stock explodes >100% while the market only goes up 6%
6. High relative strength
Flaw:
1. Hard-penny environment
2. Bad close, stock squats after the breakout
I like to see the stock holds up well and perhaps pivot resets.
Trade closed: stop reached
Stopped out today at - 6% loss.Trade closed: October 18, 2023
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