GTRA - FLAT BASEI bought my positions today
January 15, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Develops a mini cup and handle with VCP characteristics
4. Dried-up volume, indicating all the selling has been exhausted
5. Huge volume on breakout
6. High relative strength stock
7. More stocks are setting up and breaking out
Flaws:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
GTRA trade ideas
GTRA - PRIMARY BASEI bought my positions today
June 19, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at cheat area
The flaws:
1. The general market is still in correction
2. Lack of volume on the breakout today
The stock squats at the closing. However, I want to see some constructive action in the days to come.