Things that I like
- Market gapped down 1% due to hot inflation data. NNE had a false breakdown and showed strength by being the first few to recover.
- Decreasing volume on consolidation
- "Long term" resistance turned support.
- Relatively new IPO stock and has potential to multibag. Fibo extension of 0.786 brings us to 52.77, which is 50% upside from here. If I use bull flag pole to measure, its even higher.
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NUKZ is the strongest sector across over 60 sectors that I track. See attached excel table in chart. Tailwind behind us.
My trade plan
- I have entered early. Heheeee =) At 32.25, as soon as I saw the false breakdown and power move up in 15mins chart.
- Although I have put in some fibo extension key levels, I'm not expecting myself to TP at those levels. In fact I really like this chart and how IPO stocks can multi-bag. So, I will be looking for opportunities to add instead (Mark Minervini style here). But if there are signs of top, I will take partial profits too.
- Market gapped down 1% due to hot inflation data. NNE had a false breakdown and showed strength by being the first few to recover.
- Decreasing volume on consolidation
- "Long term" resistance turned support.
- Relatively new IPO stock and has potential to multibag. Fibo extension of 0.786 brings us to 52.77, which is 50% upside from here. If I use bull flag pole to measure, its even higher.
-
NUKZ is the strongest sector across over 60 sectors that I track. See attached excel table in chart. Tailwind behind us. My trade plan
- I have entered early. Heheeee =) At 32.25, as soon as I saw the false breakdown and power move up in 15mins chart.
- Although I have put in some fibo extension key levels, I'm not expecting myself to TP at those levels. In fact I really like this chart and how IPO stocks can multi-bag. So, I will be looking for opportunities to add instead (Mark Minervini style here). But if there are signs of top, I will take partial profits too.
Trade attivo
Trade chiuso: stop raggiunto
Really like this setup alot. But cut loss as soon as it broke below previous LP. Live to fight another day~
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.
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.