I bought my positions today
August 21, 2024
Reasons:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +100% in the last three months while the index correcting -3%.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. A decent volume on the breakout.
Flaws:
The general market is still at risk of going into a minor correction.
This is a textbook VCP with clear contractions and entry point. The stock closes weak and squat below the buy point which still normal. I like to see if it can holds up and follow through.
August 21, 2024
Reasons:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +100% in the last three months while the index correcting -3%.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. A decent volume on the breakout.
Flaws:
The general market is still at risk of going into a minor correction.
This is a textbook VCP with clear contractions and entry point. The stock closes weak and squat below the buy point which still normal. I like to see if it can holds up and follow through.
עסקה סגורה: הגיע לסטופ
Stopped out today at -5% loss.Trade closed: 3/9/2024
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.