Nutanix, Inc.
Short
Updated

NTNX - JULY 24 MATrend Unsustainable Momentum

31
- D1 Larger trend is Bear
- H1 Rejection wicks at 50.40

MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly

Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
Trade closed: stop reached

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