Along with Boustead
TheHourGlass is one of the counters recommended mentioned during our weekly webinar in 23May21.
This is yet again another great example of consolidation and supply exhaustion. During an uptrend, the purpose of the consolidation phase is to exhaust the short-term supplies (otherwise known as weak holders). Once the supplies are gone, the price is ready to continue its uptrend.
The only tricky thing is, there is no analysis on earth that can accurately tell when the supplies have been exhausted.
Hence, holding power and a proper stop loss is critical in ensuring you are in the trade when it eventually runs up.
TheHourGlass is bullish for sure and will continue to run. The only question is, can you execute the trade properly?
Scouting for supplies exhaustion and a proper stop loss is the key criteria in Nimbus Capital's strategy.
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