CPNG - Pennant Breakout test

28 giu 2023

• Price coiling above 200DMA on a 7x volume. Yesterday's reversal was very timely. now it needs to push to 20 and again base there for a breakout to test 27 where sellers would show up.
  
• Plenty of time to get in. test of 20 and breakout will provide bigger R/R as nervous sellers could put downward pressure below.
  
• Disclaimer: Long via commons at 16.63
  
  

5 lug 2023

Trade attivo

Holding well above the MAs and around the trendline. Breakout will need additional volume...Likely to remain choppy below 20.

12 lug 2023

Trade attivo

Playing as per plan. I got shaken out last week, but set up is too strong to ignore. Will add soon.

21 lug 2023

Trade chiuso manualmente

As expected acting choppy. Closed yesterday. will watch for another entry.