I bought my positions today
April 5, 2023
The reasons:
1. Low-risk pivot point ;
2. The stock is up >100% in less than 8 weeks;
3. Corrected the least during the pause, less than 25% correction;
4. Volume dries up as a sign of less supply coming to the market; and
5. It breakouts with huge volumes.
The flaw:
Stock squatted on the closing day
April 5, 2023
The reasons:
1. Low-risk pivot point ;
2. The stock is up >100% in less than 8 weeks;
3. Corrected the least during the pause, less than 25% correction;
4. Volume dries up as a sign of less supply coming to the market; and
5. It breakouts with huge volumes.
The flaw:
Stock squatted on the closing day
Trade closed: stop reached:
Stopped out at -7% loss.
Trade closed: April 6, 2023
Trade closed: April 6, 2023