I bought my positions today
October 12, 2023
The reasons:
1. Low-risk entry
2. The stock went up >300% in less than 8 weeks
3. A fractal of small cup with handle 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. Strong close with huge volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
8. Theme: Power Play setups work fine thus far
The flaw:
The market is still in a hard-penny environment with only 35% 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 12, 2023
The reasons:
1. Low-risk entry
2. The stock went up >300% in less than 8 weeks
3. A fractal of small cup with handle 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. Strong close with huge volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
8. Theme: Power Play setups work fine thus far
The flaw:
The market is still in a hard-penny environment with only 35% 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 at +16% profit into strength today.Trade closed: target reached
I sold my last position at breakeven today.Trade closed: October 18, 2023
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.
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.