Position update: March 25, 2025.
Key factors:
1. Confirmed stage 2 uptrend.
2. A textbook double bottom with VCP characteristics.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock consolidates while the index suffers a terrible decline.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. Strong fundamentals, with consistent year-over-year earnings growth.
Considerations: Despite these strengths, the broader market remains in a bearish phase, down over 20% from its all-time high. Geopolitical risks, persistent net foreign selling, declining investor confidence, and concerns over the government downplaying the stock market's significance continue to contribute to an unstable market environment.
Key factors:
1. Confirmed stage 2 uptrend.
2. A textbook double bottom with VCP characteristics.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock consolidates while the index suffers a terrible decline.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. Strong fundamentals, with consistent year-over-year earnings growth.
Considerations: Despite these strengths, the broader market remains in a bearish phase, down over 20% from its all-time high. Geopolitical risks, persistent net foreign selling, declining investor confidence, and concerns over the government downplaying the stock market's significance continue to contribute to an unstable market environment.
Trade closed: stop reached
Market crashed, I got stopped out -10% today on slippery.
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.
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.