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.
Trade aktif
I reduced my position in the closing day at -2% loss as it closes weak and lack of institutional participation.Trade aktif
Currently resetting the pivot area, I'm watching it very closely.Trade aktif
The train doesn't come on schedule. I reduced some more positions today at -2% loss. Trading ditutup: stop tercapai
The stock doesn't move, I get out at a -2% loss.Trade closed.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.