I bought my positions today
February 12, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through a majority line of supply
4. An early IPO stock to has big upward momentum to considered a leader in this type of market
5. High relative strength
6. Volume dries up as less supply coming to the market
7. A decent volume on the breakout
Flaws:
1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average
2. The index is moving higher but there are still less stocks setting up.
I like to see some follow through action from now.
February 12, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through a majority line of supply
4. An early IPO stock to has big upward momentum to considered a leader in this type of market
5. High relative strength
6. Volume dries up as less supply coming to the market
7. A decent volume on the breakout
Flaws:
1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average
2. The index is moving higher but there are still less stocks setting up.
I like to see some follow through action from now.
Dagangan ditutup: sasaran tercapai
Judgment call. I sold my entire position at breakeven. The bid-offer is quite small, I'm not willing to get caught.Trade closed: February 21, 2024
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.