- Moderate inflationary Macro environment in the EAST / Most still like to chase WEST high don't fancy EAST undervalued sentiment - Funds Accumulation - Positive PE - Decent PEG - Positive P/FCF - Top 50% Sector / Industry / Leader - Boring sector but think 5G & 6G
Technical
- - Momentum Theory Indicator - momentum bottomed making inverse H&S action - Price action formation ( deformed falling wedge ) - Price action losing diving momentum, price action is rotating anti clock wise indicating a trend reversal - Trend line pending break out - Price above 200MA - Price under POC - Broke out S.T - MACD bullish divergence making a H&S formation
Entry idea
- Entry idea was based on few confluences - Rejection / retest of the trend line / neckline - Price below 200 MA
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"I have two basic rules about winning in trading as well as in life: (1) If you don't bet, you can't win. (2) If you lose all your chips, you can't bet."