Description
⋅ I have positions today.
This is a long base VCP setup:
1. The stock is in a confirmed stage 2 uptrend, within 18% of the 52-week high.
2. Low-risk entry.
3. High RS Line.
This setup looks even better in the weekly timeframe.
Trade active
⋅ I like to see some tennis ball actions here.
Trade closed: stop reached
⋅ I got shaken out today at avg -4.5% loss.