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nexxtrade
Jul 15, 2022 3:22 AM

WATCH $PROF Long

Profound Medical Corp.NASDAQ

Description

Bullish

Fundamental



- High inflationary Macro environment / no fear sentiment
- Funds Accumulation
- Decent PE
- Decent PEG
- Decent P/FCF
- Strong Sector / Industry / Leader
- Prostate cancer is the #4 cancer in the world


Technical



- Momentum Theory Indicator - waiting for momentum to break out
- Momentum divergence on the MTI 02
- Price action formation ( dowtrend channel )
- Broke Trend line / retest needs to hold
- Below 200MA
- Below POC
- Pending ST
- No bullish Candlestick


PROF / SPY





Entry idea

- For members


Stop loss depending on entry and risk appetite. But always set meaningful stops.

Get comfortable being uncomfortable

Cheers and happy trading!

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