PGAS - CUP WITH HANDLE
Updated
I have positions today
Why I buy the stock:
1. Low-risk entry
2. It forms a classic cup and handle pattern
3. High relative strength.
4. Volume decreasing (1-2 punch), less supply coming to the market.
Also, the stock closes good with huge volume on the breakout.
Why I buy the stock:
1. Low-risk entry
2. It forms a classic cup and handle pattern
3. High relative strength.
4. Volume decreasing (1-2 punch), less supply coming to the market.
Also, the stock closes good with huge volume on the breakout.
Trade active
I like to see the stock pause for at least a day or two to develop a proper and stronger handle. Then, I might consider pyramiding my position.Trade closed: stop reached
Stopped out today at -5% loss.Disclaimer
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