I bought my positions today
September 18, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a textbook flat base setup
3. It has VCP characteristics
4. It has a high relative strength
5. It outperforms the general market
6. Volume dries up and huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 33.8% of total stocks above the 200-day MA.
September 18, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a textbook flat base setup
3. It has VCP characteristics
4. It has a high relative strength
5. It outperforms the general market
6. Volume dries up and huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 33.8% of total stocks above the 200-day MA.
Trade attivo
Due to liquidity issues, I nailed half position at +10% profit today.Trade chiuso: obiettivo raggiunto
The chart is still looking good forming another cup with handle formation. However, the liquidity is too low to hold my position. I nailed the last position at +10% profit today.Trade closed: December 7, 2023
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.