Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through four majority line of supplies 4. Offers multiple entries at a cheat area and a handle 5. The base has VCP characteristics 6. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the breakout
Flaws: 1. The market is still in a hard-penny environment with only 32% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up.
A classic cup and handle formation with cheat pivot entry. I like to see some follow through action from now.
액티브 트레이드
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I sold most of my position today at 10% profit into strength, letting the remaining position to freeroll.
액티브 트레이드
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I sold another position into strength today at +15% profit on half.