Recently i has seen a huge and fast pump on VELO. I read some people writing like they missed the VELO train. Looking at the daily chart, it's not like that. This is just an early move, the real pump will begin soon. I marked some targets: $0.035, 0.07, 0.1, 0.14. You have all the time to buy and accumulate, considering is actually breaking out from a long...
I have a position today
November 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers a classic low cheat pivot in a power play
3. It skyrockets huge >500% since it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause (1-2...
I have a position
October 27, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets huge >300% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause
7....
I bought my positions today
September 29, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. Good close and decent volume on the breakout
6. A high alpha stock with a low...
I have my positions now
March 24, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets up 100% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. A decent shakeout, weeding out week...
I bought my positions today
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So...
I secured my positions today from a velocity play.
This is my second attempt playing this move. The stock broke out today on huge volume, strong relative strength, and excellent price action (power play and cup with handle).
I secured my position today on a velocity play.
An explosive move happens in a very short period of time, this is the first buyable area after the IPO.
A velocity play over a magnitude play.
I would like to see more of the price action to see its behavior. I put this on my list, this is a monster stock.
