Bullish
Fundamental
- High inflationary macro environment / fear sentiment
- Earnings don't looks favorable coming quarters
- Funds Accumulation
- Decent earnings
- Decent PE
- Decent PEG
- Positive P/FCF
- Weak Sector / Industry
- Covid lock down theme ?
Technical
- Momentum Theory Indicator - Seems like bottomed and making a reversal trend momentum
- Price action formation ( falling wedge )
- Yet to break downward Trend line
- Price still below 200MA
- Price above POC
Entry idea
- Entry idea was based on few confluences
- Rejection / retest of the trend line
- Price below 200 MA
Stop loss depending on entry and risk appetite. But always set meaningful stops.
”I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”
Cheers and happy trading!
Fundamental
- High inflationary macro environment / fear sentiment
- Earnings don't looks favorable coming quarters
- Funds Accumulation
- Decent earnings
- Decent PE
- Decent PEG
- Positive P/FCF
- Weak Sector / Industry
- Covid lock down theme ?
Technical
- Momentum Theory Indicator - Seems like bottomed and making a reversal trend momentum
- Price action formation ( falling wedge )
- Yet to break downward Trend line
- Price still below 200MA
- Price above POC
Entry idea
- Entry idea was based on few confluences
- Rejection / retest of the trend line
- Price below 200 MA
Stop loss depending on entry and risk appetite. But always set meaningful stops.
”I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”
Cheers and happy trading!
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