Position Update: December 6, 2024
Key factors:
1. Low-risk entry point.
2. A first proper and buyable base after an IPO.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +96% while the index remains the same spot.
5. High relative strength stock.
6. Volume dries up as less supply coming to the market.
7. The breakout was confirmed with a notable surge in volume
Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend.
This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
Key factors:
1. Low-risk entry point.
2. A first proper and buyable base after an IPO.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +96% while the index remains the same spot.
5. High relative strength stock.
6. Volume dries up as less supply coming to the market.
7. The breakout was confirmed with a notable surge in volume
Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend.
This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
Trade chiuso: stop raggiunto
Stopped out at -2% loss today.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.