I bought my positions today
October 12, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Has gone through a majority line of supply
4. A breakaway move, the first breakout after the stock in a confirmed stage 2 uptrend
5. High relative strength
6. The stock explodes 83% while the market only goes up 2%
7. Volume dries up as less supply coming to the market
8. Huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 35% of total stocks above the 200-day MA.
I like to see the stock holds up and follow through.
October 12, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Has gone through a majority line of supply
4. A breakaway move, the first breakout after the stock in a confirmed stage 2 uptrend
5. High relative strength
6. The stock explodes 83% while the market only goes up 2%
7. Volume dries up as less supply coming to the market
8. Huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 35% of total stocks above the 200-day MA.
I like to see the stock holds up and follow through.
Dagangan ditutup: hentian tercapai
I got out at the breakeven today.Trade closed: October 30, 2023
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.