PANI - LOW CHEAT
Position Update: December 6, 2024
Key factors:
1. Low-risk entry point.
2. The stock offers a low cheat, a creative entry.
3. The stock moves so rapidly in the last couple months.
4. A 30% pullback from its all-time high indicates a normal profit-taking phase within the context of a broader uptrend.
5. High relative strength, outperforming the general market.
5. The stock is moving on its own universe and marching to its own drummer.
6. Volume diminishes during pauses, indicating less supply coming to the market.
7. The breakout was confirmed with a notable surge in volume, reflecting strong buying interest.
Consideration: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This creates a "hard penny" environment, where gains are harder to secure and require precision.
This is a creative early buy in anticipation of a possible cup-with-handle formation. The current setup presents an opportunity to establish a position at a low-risk entry while awaiting the potential development of a handle in the coming weeks.
Key factors:
1. Low-risk entry point.
2. The stock offers a low cheat, a creative entry.
3. The stock moves so rapidly in the last couple months.
4. A 30% pullback from its all-time high indicates a normal profit-taking phase within the context of a broader uptrend.
5. High relative strength, outperforming the general market.
5. The stock is moving on its own universe and marching to its own drummer.
6. Volume diminishes during pauses, indicating less supply coming to the market.
7. The breakout was confirmed with a notable surge in volume, reflecting strong buying interest.
Consideration: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This creates a "hard penny" environment, where gains are harder to secure and require precision.
This is a creative early buy in anticipation of a possible cup-with-handle formation. The current setup presents an opportunity to establish a position at a low-risk entry while awaiting the potential development of a handle in the coming weeks.
Trade attivo
I sold half into strength for a decent +14% profit today.Trade chiuso: stop raggiunto
Stopped out of my last position today at -4% loss.
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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.