mingjong

High Growth Stocks that are under hyped? Strong Momentum Stocks

Long
NYSE:SE   Sea Limited
In the mid of Dec 2020, I subscribed a newsletter that sends me one stock per week to provide a briefing in the fundamental of the company such as how the company works, how it solves the problem, product, strength, weakness, growth prospects, financial numbers, etc…In terms of the information provided, it is more than enough for me as a trader, who only look at the price action and the volume .

What I find interesting for these stocks is they generally has something in common, which is strong momentum. This is certainly an attractive point for swing trading. Let's take a look this stock watchlist including OMXSTO:EVO (Evolution Gaming Group AB), OMXSTO:EMBRAC_B (Embracer Group AB SER. B), NYSE:FTCH ( Farfetch Ltd ), NASDAQ:MWK ( Mohawk Group Holdings INC ), NASDAQ:OPEN (OpenDoor Technologies INC), NYSE:SKLZ (Skillz INC), NASDAQ:UPST ( Upstart HLDGS INC ), and analyze from the price action trading and Wyckoff analysis aspects.

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Comments

Good explanations on volumes during spikes and accumulations phases during your videos. I really enjoy it. Thanks
+1 Reply
mingjong LeProfiteur
@LeProfiteur, You're welcomed. Glad you enjoy :)
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Great stuff. thanks for your time and detailed analysis. I am wondering, what do you think of PSTG?
+1 Reply
mingjong awisecrackin
@awisecrackin, You are welcomed.

PSTG - is in a beautiful structure, huge causes built for two years. Sign of strength rally followed by shallow backup action. Yesterday strong push comes with rejection tail suggested some profit taking activities. Can look for ways to scale in.
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@mingjong, thanks its really nice to have more knowledgeable people give me some thoughts on what they see on what i (potentially)see
+1 Reply
mingjong awisecrackin
@awisecrackin, You're welcomed. This is a nice catch! Good on you :)
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Thank you. Really liked your detailed analysis. What do you think about MP?
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mingjong Novice-PUNDIT
@Novice-PUNDIT, welcomed. MP is looking bullish. So far potentially in a re-accumulation structure. Emergence of supply on 11 Feb and a reaction is unfolding. Look for possible bounce from the green box.

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