I have my position today
September 9, 2024
The reasons:
1. Low-risk pivot point
2. The stock offers a very tight entry in a power play setup
3. It surged over 250% in less than eight weeks
4. Corrects only 8% during this pause, indicating big institutions unwilling to sell their positions
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe and marching to its own drummer
6. Volume dries up during the pause
7. The general market is in its bull campaign
Flaw:
1. Squats below breakout level on the closing
2. No real volume on breakout
It is a textbook Power Play setup, outstanding prior moves with very little sell-off on its correction. I like to see if it can hold up and reset its pivot area for another proper entry.
September 9, 2024
The reasons:
1. Low-risk pivot point
2. The stock offers a very tight entry in a power play setup
3. It surged over 250% in less than eight weeks
4. Corrects only 8% during this pause, indicating big institutions unwilling to sell their positions
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe and marching to its own drummer
6. Volume dries up during the pause
7. The general market is in its bull campaign
Flaw:
1. Squats below breakout level on the closing
2. No real volume on breakout
It is a textbook Power Play setup, outstanding prior moves with very little sell-off on its correction. I like to see if it can hold up and reset its pivot area for another proper entry.
Transaction en cours
I reduced my position in the closing day at -2% loss as it closes weak and lack of institutional participation.Transaction en cours
Currently resetting the pivot area, I'm watching it very closely.Transaction en cours
The train doesn't come on schedule. I reduced some more positions today at -2% loss. Trade fermée: ordre d’arrêt atteint
The stock doesn't move, I get out at a -2% loss.Trade closed.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.