Position Update: May 16, 2025
Key factors:
1. Low-risk entry point.
2. Very clear bases with VCP characteristics.
3. A confirmed Stage 2 uptrend, indicating upward continuation.
4. The stock is outperforming, rising even as the broader market trends lower.
5. Displays strong relative strength against the market and peers.
6. Volume dries up suggests less supply coming to the market.
7. Many stocks start showing traction based on my own stock continuum.
Considerations: While the breakout was not accompanied by a significant volume surge, this development is occurring within the early stages of what appears to be a new bull market cycle. This macro backdrop may provide additional support and follow-through potential.
I’d like to see if it can hold up and follow through from here.
Key factors:
1. Low-risk entry point.
2. Very clear bases with VCP characteristics.
3. A confirmed Stage 2 uptrend, indicating upward continuation.
4. The stock is outperforming, rising even as the broader market trends lower.
5. Displays strong relative strength against the market and peers.
6. Volume dries up suggests less supply coming to the market.
7. Many stocks start showing traction based on my own stock continuum.
Considerations: While the breakout was not accompanied by a significant volume surge, this development is occurring within the early stages of what appears to be a new bull market cycle. This macro backdrop may provide additional support and follow-through potential.
I’d like to see if it can hold up and follow through from here.
Trade closed: stop reached
Stopped out at breakeven at this trade.Trade closed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.