THETA SHORT BASE VCP
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33 days short base VCP development with below contraction.
C1: ~21%
C2: -15%
C3: ~8%
Today gap up + hammer candle with closing price breakout the C3 contraction. Volume look promising as well.
Consider low risk entry point ~7% with 0.840 immediate support.
Note: THETA seem related to telecommunication sector. Something brewing? 5G?....
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
C1: ~21%
C2: -15%
C3: ~8%
Today gap up + hammer candle with closing price breakout the C3 contraction. Volume look promising as well.
Consider low risk entry point ~7% with 0.840 immediate support.
Note: THETA seem related to telecommunication sector. Something brewing? 5G?....
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
Note
I sold all during that high spike, 16% in one day gain. Swing trade.
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