I bought my positions today
January 25, 2023
The reasons:
1. Low-risk entry
2. The stock offers its first buyable base after an IPO
3. Ascending bases from IPO
4. High relative strength
The flaw:
We're in a hard-penny environment, and the general market is still correcting.
I secured positions today on a small ascending bases.
The stock keeps moving against the market which results in its high relative strength, a good sign of a leader.
I've got my position today on ascending bases with VCP characteristics.
This is a low-risk entry. The stock broke out but then closing the day squatted.
I secured my position today on the breakout.
I like its huge volume during its development, it also has vcp characteristics, tightness in price, high RS line, and huge volume on breakout.
