BEEF - POWER PLAYI bought my positions today
August 25, 2023
The reasons:
1. Low-risk entry 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. High alpha stock with a low standard deviation
6. It has VCP characteristics
7. Huge volume on the breakout
8. The theme: Power play. The setups work well in this current market environment
The flaw:
No identifiable flaws thus far
This is a textbook Power Play stock breaks out of a base. I like to see the stock moves constructively in the upcoming days.
KAYU - POWER PLAYI bought my positions today
July 31, 2023
The reasons:
1. Low-risk entry 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. High alpha moves with a low standard deviation
6. Power play on top of a power play
The flaw:
Lack of volume on the breakout
I like to see the stock moves constructively in the upcoming days.
NCKLPattern : symmetrical triangle
Try to penetrate the trend line at level 985
If break, there are potential upside to 1255 level (gradually from 1020, 1075, 1155 to 1255)
MACD : try to go up to 0 level
Recommendation:
BUY: if break 985
Sell: as mentioned above
STOP loss: 3-5% from purchase price
Disclaimer:
this recommendation is made based on technical analysis, all decision to buy/sell is on traders/investors
#plan_trade_repeat
AVIA- waiting for breakoutit's seen that AVIA clearly has divergence between the price and MACD
Based on experience, if a stock experience the divergence between price and some indicator (in this case is MACD), this stock will bounce back again to its level making a HH and HL
but to confirm this, we need to wait until the trend penetrates 610 level at the minimum.
patience is the key for profit =D
#plan_trade_repeat
BIKE - POWER PLAYI bought my positions today
August 28, 2023
The reasons:
1. Low-risk entry 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. High alpha stock with a low standard deviation
6. A base reset to a proper and crisp pivot on PP setup
7. Huge volume on the breakout
8. The theme: Power play. The setups work well in this current market environment
The flaw:
No identifiable flaws thus far