ARKO - VELOCITY PLAY
Updated
I secured my positions today from a velocity play.
This is my second attempt playing this move. The stock broke out today on huge volume, strong relative strength, and excellent price action (power play and cup with handle).
This is my second attempt playing this move. The stock broke out today on huge volume, strong relative strength, and excellent price action (power play and cup with handle).
Trade active
I sold half portions at a decent +17% gain into strength today. I'm freerolling the rest of my position now.Trade closed: stop reached
I get out of my last position at breakeven today. However, the stock closes strong at the end. I'll put the stock on a watchlist.
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