The reasons: 1. Low-risk entry point 2. The stock offers the first buyable base after an IPO 3. It has a very tight pivot level/line of the least resistance 4. High relative strength stock 5. It has VCP characteristics 6. I got an 80% win rate on a primary base setup
Flaw: 1. The market is still in a correction 2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
Trade active
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I reduced my positions at -2% loss on May 31, 2023.
Trade active
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I added into my position on a pullback buy today.
Trade active
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I sold half into strength at +18% profit today.
Trade closed: target reached
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Out today, slightly above the breakeven point at +3% gains after getting shaken out.