Newgen Software swing trade
Pros
- Near 52 wk/ATH
-20% down from ATH
-sector tailwind
-High RS
-Shakeout at MA
-Support at 50 DMA
-C&H OR VCP
-consolidation of >2 months
- Volume dryup in Base
- New high in RS
Cons:
-Results on 18th
-dividend on 18th
- Near 52 wk/ATH
-20% down from ATH
-sector tailwind
-High RS
-Shakeout at MA
-Support at 50 DMA
-C&H OR VCP
-consolidation of >2 months
- Volume dryup in Base
- New high in RS
Cons:
-Results on 18th
-dividend on 18th
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