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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.