The reasons: 1. The stock offers a low-risk entry point 2. It developed a small cup-and-handle pattern 3. It outperformed the general market 4. It has a high relative strength line 5. It has VCP characteristics 6. It breaks out with a huge volume
Flaw: 1. The market is still in a correction 2. Lack of setup in the market
Trade active
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I sold half into strength at +22% profit and quarter at +30% profit, today. I'm freerolling the rest of my positions now.
Trade closed: target reached
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I sold my last position at +40% profit into strength today. I'm out when the getting is good.