KAYU - POWER PLAY
Updated
I bought my positions today
October 6, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock went up >100% in less than 8 weeks
3. VCP characteristics during the pause
4. The pause has less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. Good close and Huge volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
The flaw:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA.
This stock is so strong, a Power Play on top of a Power Play. I like to see some follow-throughs in the upcoming days.
October 6, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock went up >100% in less than 8 weeks
3. VCP characteristics during the pause
4. The pause has less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. Good close and Huge volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
The flaw:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA.
This stock is so strong, a Power Play on top of a Power Play. I like to see some follow-throughs in the upcoming days.
Trade active
I sold half into strength at a +15% gain on the same day, today.
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