This stock is in exceptional momentum since the start of the year.
Another Chemicals sector Leader within its MCap.
Use every dip to accumulate.
Another Chemicals sector Leader within its MCap.
Use every dip to accumulate.
Trade active
Note
The stock is testing out 50 DMA today, the pullback has been on low volumes which is a positive sign. But if there is no bounce from 50 DMA, i would be inclined to book losses here and park my money in other trades. Note
Still consolidating at 50 DMA. Will use 156 as SL now. Consolidations for a long time weaken the flag and pole structureNote
What an exception trade this has been. Up more than 20% for me. Reward is 4x the risk now. Momentum is in favour. Updating SL to 170. Will happily give back all profits if the need be. This can easily go further up. I do not want to catch small leg ups. Those don't grow the account as much as one stock with 300% - 400% return. Meanwhile, I will keep adding to this winner by scaling in 5/10% of my existing position. This is how you boost your account's returns. Feel free to ask your questions in the comments below
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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.