- Inflationary macro environment / fear sentiment - Funds Distribution - High PE - Decent PEG - Decent P/FCF - Strong Sector / Industry / Not Leader - Decent earnings - Decent fundamental
Technical
- Momentum Theory Indicator - H&S formation momentum - Price action formation ( rising wedge ) - Broke upward Trend line and retest previous high forming double tops - Price below 200MA - High volume node at peak - Potential cup and handle formation
Entry idea
- Entry idea was based on few confluences - Break of neckline and retest - Momentum broke neckline
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"the distance between dreams and reality is called action"