I bought positions today
The reasons:
1. Low-risk entry
2. Long base, 31-week Cup and handle
3. Near all-time-high back to 2015
4. 7 years long base setup
5. VCP characteristics
Flaws:
1. Bad fundamental standpoint
2. Lack of volume on the breakout
If you draw a line back to 2015, you will see the line of supply near the all-time high. This is the main reason I bought this stock.
The reasons:
1. Low-risk entry
2. Long base, 31-week Cup and handle
3. Near all-time-high back to 2015
4. 7 years long base setup
5. VCP characteristics
Flaws:
1. Bad fundamental standpoint
2. Lack of volume on the breakout
If you draw a line back to 2015, you will see the line of supply near the all-time high. This is the main reason I bought this stock.
Trade closed: stop reached
Trade closed: 03.01.3023I got stopped out today at -6% loss.
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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.