The reasons: 1. Low-risk entry point 2. The stock offers the first buyable base after an IPO 3. Tight and clear pivot point (a cup with handle) 4. High relative strength stock 5. It acted strong against the general market
The flaws: 1. The general market is still in hard-penny environment 2. Most individual setups I personally trade don't work out well in the past months
I want to see some constructive action in the upcoming days.