CARE Position Update: August 4, 2025
Key factors:
1. Low-risk entry point.
2. A rebase following a failed cup-and-handle formation, creating a potential cheat setup.
3. A confirmed Stage 2 uptrend, indicating upward continuation.
4. The stock is outperforming, rising even as the broader market trends lower.
5. Displays strong relative strength against the market and peers.
6. Volume dries up suggests less supply coming to the market.
7. Many stocks start showing traction based on my own stock continuum.
Considerations:
While the breakout was not accompanied by a significant volume surge, it is occurring in the early stages of what appears to be a new bull market cycle. This macro environment may support continued strength and follow-through.
I’ll be watching closely to see if it can hold up and follow through from here.
Trade active
I sold half into strength a decent +20% gain yesterday.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.