Long

Good setup!

Poor earnings but good technical setup. So this is less favorable

Reasoning

Drop down to 2 hour timeframe and you will see that Elliott wave is done
This stock has bad earnings so that is a minus
4D RSI is testing moving average support
Great relative strength

My Would Be Trade Plan

- Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3)
- Raise stop once Trade moves 2ATR in your direction
- Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price)

Main Sources of My Knowledge

Mark Minervini
Constance Brown
William O'neil
Speakers on Trader Lion Youtube
Adam Khoo

My Indicators

14 Period RSI.

9SMA and 45EMA Moving Averages added

Composite by Constance Brown

This is for catching failures in the RSI.
The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
Composite Settings
Author : Constance Brown (Connie Brown)
RSI Length : 14
RSI Momentum Length : 9
SMA Length : 3
Fast Simple Moving Average : 13
Slow Exponential Moving Average : 33

vssebuyungo

🎯 Claim 2 Free Trading Systems: Investor's Pattern Playbook & The Swing Trader's Gap-Up Strategy
💰 Recent Winners: APPS +250%, NVDA +200%, SMCI +240%, HIMS +60%
👉 profitpunch.org

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.

vssebuyungo

🎯 Claim 2 Free Trading Systems: Investor's Pattern Playbook & The Swing Trader's Gap-Up Strategy
💰 Recent Winners: APPS +250%, NVDA +200%, SMCI +240%, HIMS +60%
👉 profitpunch.org