CLEO (VCP - 28W 24/7 3T)
Position update: December 20, 2024.
Key factors:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +125% while the index remains nowhere.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. Both breakouts accompanied with a decent volume.
Considerations: The current market environment remains challenging, as it fails to sustain a bullish trend and continues making lower lows. However, this is the only stock that is setting up properly in the current market.
This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
Key factors:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +125% while the index remains nowhere.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. Both breakouts accompanied with a decent volume.
Considerations: The current market environment remains challenging, as it fails to sustain a bullish trend and continues making lower lows. However, this is the only stock that is setting up properly in the current market.
This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
Trade fermée: ordre d’arrêt atteint
Abnormal behavior and liquidity issue.
I got out at breakeven today. What a tough market we have here.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.