I set a tight stop as always, stock shows a lot of pivot failures these days.
The stock breaks out yesterday in a good close after its meteoric 500%+ move, stock has VCP characteristics. I have some positions. Therefore, I like to see if the stock can hold up and follow through in days to come. Another scenario I want to see is one more contraction to develop in a very tight fashion, then I will consider adding some position.
The stock breaks out yesterday in a good close after its meteoric 500%+ move, stock has VCP characteristics. I have some positions. Therefore, I like to see if the stock can hold up and follow through in days to come. Another scenario I want to see is one more contraction to develop in a very tight fashion, then I will consider adding some position.
Trade closed: target reached:
Shaken out today at breakeven, I plan to reenter the trade if it tightens up,