1) Great pattern building in chart with building of volume
2) Perfect time to accumulate and take advantage of saucer pattern
3) near life time High level
4) above 265 level is sustainable for the upside move
5) must sustain 265 level
No recommendation for buy and sell
stock took 4 year time complete cup pattern and only 6 month handle build at level of 95 cu and handle pattern breakout completed with high volume.
stock treading PE below the industrial PE.
completing cup and handle at level 95 with runaway gap developed this also indicting stock can go upside
stock debt to equity is high 1.36 debt is high.
no recommendation...
4 month ascending triangle breakout and throwback into apex
Pocket Pivot breakout
Mini 3C (cup completion cheat) setting up
Risk: 180 bps
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
I got some position on incremental buys.
The stock broke out pretty well today with huge volume, it also has outstanding fundamentals.
I like to see if it can hold up well.
I've been in and out of this stock, the setup didn't work before.
Today, I reenter my position as it develops its base reset. I enter this trade on a low-cheat level, it closes well with a fine RS Line.
I had my starting position at the low cheat level on 17th January 2022.
This is a textbook low cheat setup, I like to see if it can hold up and move in a long direction.
I've determined my mathematical stops, I do like how the stock moves so far when its price action develops so tight on the right side.
Well, I am watching this closely.
Low cheat plays don't really work out very often these couple of months. But I like the price action in this stock.
Setting up a pivot area on low cheat with volume decreasing, a good sign.
Setting up the cheat area after the stock broke out of its low cheat level. I'll put this on my potential buying names as it is technically and fundamentally well developed.
