I bought my positions today
January 8, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. A long base cup and handle formation
4. One inside day pause in the handle area
5. The base has VCP characteristics
6. High relative strength
6. Volume dries up as less supply coming to the market
7. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
2. The index is moving higher but there are still less stocks setting up.
I like to see some follow through action from now.
January 8, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. A long base cup and handle formation
4. One inside day pause in the handle area
5. The base has VCP characteristics
6. High relative strength
6. Volume dries up as less supply coming to the market
7. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
2. The index is moving higher but there are still less stocks setting up.
I like to see some follow through action from now.
Trading ditutup: target tercapai
I got out at the trailing stop for 3% gain today.Trade closed: February 5, 2024
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.