I bought my positions today
January 15, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Develops a mini cup and handle with VCP characteristics
4. Dried-up volume, indicating all the selling has been exhausted
5. Huge volume on breakout
6. High relative strength stock
7. More stocks are setting up and breaking out
Flaws:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
January 15, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Develops a mini cup and handle with VCP characteristics
4. Dried-up volume, indicating all the selling has been exhausted
5. Huge volume on breakout
6. High relative strength stock
7. More stocks are setting up and breaking out
Flaws:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
Trade active
I sold half into strength at a decent 10% gain today.Trade active
I sold another half into strength at 20% gain today.Trade closed: target reached
Sold my last position today at 5% gain on slippery after I set the stop at my backstop level.Trade closed: 17/1/2024
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.
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.