The Setup:
While everyone focuses on the chips (Nvidia) and the data centers (Vertiv), Argan (
AGX) builds the actual power plants that keep the lights on. They are a premier contractor for natural gas and renewable energy plants—critical infrastructure as AI drives electricity demand to record highs.
+1
Technically, the stock has just confirmed a massive Cup and Handle pattern. The breakout is accompanied by a surge in Volume, which is the "footprint" of institutional accumulation. This is a classic continuation setup in one of the strongest sectors of the market.
Reasoning:
If Labelled a Swing trade(2-6 Week Holds)
If labelled a long term trade (3-12 Month Holds)
While everyone focuses on the chips (Nvidia) and the data centers (Vertiv), Argan (
AGX) builds the actual power plants that keep the lights on. They are a premier contractor for natural gas and renewable energy plants—critical infrastructure as AI drives electricity demand to record highs.+1
Technically, the stock has just confirmed a massive Cup and Handle pattern. The breakout is accompanied by a surge in Volume, which is the "footprint" of institutional accumulation. This is a classic continuation setup in one of the strongest sectors of the market.
Reasoning:
- Strong Industry/Sector (Power Infrastructure / Engineering)
- Cup and Handle Pattern (Classic bullish continuation)
- Breakout on Volume (Institutional confirmation)
- Fundamental Catalyst: AI driving massive power grid demand
If Labelled a Swing trade(2-6 Week Holds)
- Entry: Full position on breakout (See Chart)
- Profit Taking: Sell 1/3 at Goal 1
- Final Exit: Remainder at Goal 2
If labelled a long term trade (3-12 Month Holds)
- Entry: Full position on breakout (See Chart)
- Profit Taking: Sell 1/4 to 1/5 at Goal 1
- Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA
- Why: Strong moves are hard to time at the top, but the 20EMA acts as a reliable trend filter
Get my trade ideas straight to your inbox.
👉 profitpunch.org
👉 profitpunch.org
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Get my trade ideas straight to your inbox.
👉 profitpunch.org
👉 profitpunch.org
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.