Velocityplay
Some toughts about VELORecently i has seen a huge and fast pump on VELO. I read some people writing like they missed the VELO train. Looking at the daily chart, it's not like that. This is just an early move, the real pump will begin soon. I marked some targets: $0.035, 0.07, 0.1, 0.14. You have all the time to buy and accumulate, considering is actually breaking out from a long accumulation range
BREN - POWER PLAYI have a position today
November 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers a classic low cheat pivot in a power play
3. It skyrockets huge >500% since it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause (1-2 punch)
7. huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA.
This is a power play on top of a power play, where velocity begets more velocity. I like to see if it can hold up and move higher from here.
BREN - VELOCITY PLAYI have a position
October 27, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets huge >300% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause
7. Big volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
This is a power play type of setup, where velocity begets velocity. I like to see if it can hold up and move higher from here.
AMMN - POWER PLAYI bought my positions today
September 29, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. Good close and decent volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
The flaw:
The market is still in a hard-penny environment with only 36% of total stocks above the 200-day MA.
This is a Velocity Play of a current IPO stock. I expect to see some positive price action in the upcoming days.
KING - VELOCITY PLAYI have my positions now
March 24, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets up 100% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. A decent shakeout, weeding out week holders
7. Big volume on the breakout
Flaw:
Only 6 days pause, 8 days or more is much preferable
CUAN - PRIMARY BASEI bought my positions today
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.