NEST (VCP - 7W 8/3 3T)
Position Update: December 6, 2024
Key factors:
1. Low-risk entry point.
2. A first proper and buyable base after an IPO.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +96% while the index remains the same spot.
5. High relative strength stock.
6. Volume dries up as less supply coming to the market.
7. The breakout was confirmed with a notable surge in volume
Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend.
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. A first proper and buyable base after an IPO.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +96% while the index remains the same spot.
5. High relative strength stock.
6. Volume dries up as less supply coming to the market.
7. The breakout was confirmed with a notable surge in volume
Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend.
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
Stopped out at -2% loss today.
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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.