FLEX - Aug 24 V2 MATrend Sustainable Momentum
Updated
- Potential breakout from range, 12.9B company which makes it closer to RUT
- RUT had a massive breakout from it's consolidation at market open. Once the H1 candle closed I started looking for Long positions like FLEX
V2 MATrend Sustainable Momentum (Systematic) 🚀
This is an iteration of the MATrend Sustainable Momentum System.
- Portfolio of shortlisted Tech stocks with a positive backtest across the past 6 years
- Signals identify market opening H1 candles that potentially could indicate a change the current price behaviour or structure.
- Focus is on the larger setup and the direction it is inclined towards with a minimum of a Risk & Reward factor of 2
Trade closed: stop reached
Price hit BE + $3 (fees), this is aligned to RUT's price stalling after the previous session's bullish momentum move
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