NTNX - Aug 24 MATrend Sustainable Momentum
Updated
- Good potential R&R with resistance at 3.14R
- What does not make this an A class setup is that D1 is bearish
MATrend Sustainable Momentum (Systematic) 🚀
This is a variant of the Unsustainable strategy. System identifies stocks (Tech sector) that follows the larger market regime's momentum of the day.
Trade closed manually
Small but good capture of 1.14R. Closed it because:
1) Price had lost momentum and was stalling
2) Our three day trade hold was over and there was no compelling reason to continue holding
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