I have a position
October 27, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets huge >300% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause
7. Big volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
This is a power play type of setup, where velocity begets velocity. I like to see if it can hold up and move higher from here.
October 27, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets huge >300% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause
7. Big volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
This is a power play type of setup, where velocity begets velocity. I like to see if it can hold up and move higher from here.
Trade attivo
I sold half into strength at +16% gain today.Trade chiuso: stop raggiunto
I get out at the breakeven on my last position.Trade closed: November 3, 2023
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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.