A rocket to the moon with almost no pullback?
BUY
- There were a few entries after some pullbacks and breakouts at 1.00 and 1.42
- 1.30 was a fake breakout – one might be stopped out if chased the breakout at 1.30 – the base wasn’t strong enough
- Entry at 1.42 after a 39b was the better choice with lower volume which indicates less volatility
SELL
- It’s a bull – let it run and nail down profits accordingly
RATIONALE
- Strong buying with only one red candle for the last 22 days
- However, one needs constant monitoring for a suitable entry for this stock
- A pullback is imminent
- Look for another base and entry
**the analysis is solely for my own references and learning
- There were a few entries after some pullbacks and breakouts at 1.00 and 1.42
- 1.30 was a fake breakout – one might be stopped out if chased the breakout at 1.30 – the base wasn’t strong enough
- Entry at 1.42 after a 39b was the better choice with lower volume which indicates less volatility
SELL
- It’s a bull – let it run and nail down profits accordingly
RATIONALE
- Strong buying with only one red candle for the last 22 days
- However, one needs constant monitoring for a suitable entry for this stock
- A pullback is imminent
- Look for another base and entry
**the analysis is solely for my own references and learning
Comment:
A pullback is imminent as said - observe for another base building