$VLKAY has triggered a monthly breakout from a massive accumulation base, and after a good pullback into earnings support, flashed a buy signal for us, in the monthly, weekly and daily timeframes. Such an opportunity is not to be missed!
Let's enter longs at market open gradually over 3 days, aiming to build a 14% position. The stop loss orders are not required, since we could manage risk with options in the long term. For now, entering the stocks position is more important, and the odds of holding this support are very high, due to both technical as well as fundamental variables.
Good luck,
Ivan Labrie.
Let's enter longs at market open gradually over 3 days, aiming to build a 14% position. The stop loss orders are not required, since we could manage risk with options in the long term. For now, entering the stocks position is more important, and the odds of holding this support are very high, due to both technical as well as fundamental variables.
Good luck,
Ivan Labrie.
Comment:
I added on the setback.
Comment:
Hold!
Comment:
The uptrend looks good now, but I would be cautious. Trail stops if still in it, or be ready to take profits soon.
Great confirmation so far.