Strong fundamental with recent report surprising expectations
Earnings: +50%
Sales: +17%
Gross Margin: +43.2%
Institutional support: +523 funds (increasing over the last 5 quarters)
Industry group: Top performing group (#16/200)
📐Technicals:
VCP pattern (volatility contraction) as per Minervini methodology
Stage 2 uptrend as per Stan Weinstein methodology
Ongoing pocket pivots as per Dr.K and Gil Morales methodology
Tightening around ATH (-3.75% from ATH)
Probing resistance area
💰Trade: * Pricing a buy around $237 area IF we open on strong volume * Stop level will be $223 (around -5% from open) * Looking to make at least 2:1 Reward to Risk. Moving Stop loss to break-even at $252 level
Trade active
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The idea posted from yesterday is working according to plan. We observe the following behvaiour
✅ Confirmations 9/15 Days up 9/15 Good Closes 4 Higher Highs Up on +50% Volume 2 Weekly Higher Highs