- High inflationary Macro environment / No fear sentiment - Funds Accumulation - Positive PE - PEG - Positive P/FCF - Strong Sector / Industry / Leader - Misc thoughts : looks like biotech is hot
Technical
- Momentum Theory Indicator - momentum bottomed and broke out - Price action formation ( falling wedge ) - Broke Trend line / neckline pressure - Under 200MA - Above POC - Under ST - Engulfing Candlestick Broke out followed through
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
" Giving up is hard. Pushing through the struggle is hard. Choose your hard "
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.