Position update: July 9, 2025.
Key factors:
1. Confirmed stage 2 uptrend.
2. A textbook VCP setup with a clear, low-risk entry
3. Has absorbed its majority line of supply.
4. The stock moves on its own drummer, hitting an all-time high while the index struggles to reclaim its highs.
5. High relative strength.
6. Volume has dried up, indicating less supply coming to the market.
7. Strong fundamentals, with consistent triple-digit year-over-year earnings growth.
8. Significant volume surge on the breakout.
Considerations: Despite a favorable technical setup, risk should be managed diligently given the stock's sharp ascent and potential for profit-taking. Establishing stop-loss levels and monitoring market conditions is essential.
This is a quintessential VCP breakout with a clear pivot entry and minimal risk. I’m starting to see increased traction in the market now—a very positive sign to scale up trading size.
Key factors:
1. Confirmed stage 2 uptrend.
2. A textbook VCP setup with a clear, low-risk entry
3. Has absorbed its majority line of supply.
4. The stock moves on its own drummer, hitting an all-time high while the index struggles to reclaim its highs.
5. High relative strength.
6. Volume has dried up, indicating less supply coming to the market.
7. Strong fundamentals, with consistent triple-digit year-over-year earnings growth.
8. Significant volume surge on the breakout.
Considerations: Despite a favorable technical setup, risk should be managed diligently given the stock's sharp ascent and potential for profit-taking. Establishing stop-loss levels and monitoring market conditions is essential.
This is a quintessential VCP breakout with a clear pivot entry and minimal risk. I’m starting to see increased traction in the market now—a very positive sign to scale up trading size.
Trade active
Sold half into strength at +22% gains today.Note
Trimmed another half of the position into strength today, locking in a +35% gain.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.