SGER - POWER PLAY
Updated
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
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