BMRI - CUP WITH HANDLE
Updated
I bought the stock today
September 11, 2024
Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. VCP characteristics on the handle
5. One of the leaders in banking sector beside
BRIS
6. We're in a general market bull campaign
7. More stocks start showing traction.
Flaws:
1. Currently outperformed by the market
2. No big volume on the breakout
I like to see if it can holds up and continue moving higher from here.
September 11, 2024
Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. VCP characteristics on the handle
5. One of the leaders in banking sector beside
BRIS 6. We're in a general market bull campaign
7. More stocks start showing traction.
Flaws:
1. Currently outperformed by the market
2. No big volume on the breakout
I like to see if it can holds up and continue moving higher from here.
Trade closed: stop reached
Stopped out at 7% loss today.
Trade closed: 30/09/2024
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.