AMMN - CHEAT I bought my positions today
January 15, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Coming from a cheat area with a pause pivot
4. Dried-up volume, indicating all the selling has been exhausted
5. The stock is up 380% since the IPO, very strong leader
6. More stocks are setting up and breaking out
Flaws:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
I like to see more constructive price actions and perhaps build the handle at around 8250 area.
3c
AMMN - POWER PLAYI bought my positions back today
October 26, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. A high alpha stock with a low standard deviation
6. One of the leaders in this market environment
The flaw:
1. Squat after the breakout
2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
The stock set back another pivot point after I got stopped out beforehand slightly above the breakeven. I like to see if it can hold up during this difficult market environment.
GTRA - PRIMARY BASEI bought my positions today
June 19, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at cheat area
The flaws:
1. The general market is still in correction
2. Lack of volume on the breakout today
The stock squats at the closing. However, I want to see some constructive action in the days to come.
MCOL - 3CI have positions today
The stock breaks out of low cheat setup. it has:
1. VCP characteristics
2. Low risk entry point
3. Long base setup
4. Super tight right-side price action.
It closes not so strong, but the breakout has a huge volume.
UNVR - 3CI got a starting position today at the first move of UNVR after encountering a huge decline.
The stock is in a confirmed stage 2 uptrend, low-risk entry, and just broke out of a cheat level.
PANS - 3CI have my starting position today on the cheat level breakout.
The stock appears to have well-constructed price action and strong earnings.
BBNI - LOW CHEATI had my starting position at the low cheat level on 17th January 2022.
This is a textbook low cheat setup, I like to see if it can hold up and move in a long direction.
CMNT - LOW CHEATBought a starting position today at low cheat pivot, I like to see if it can hold up or follow-through.
SRTG (CHEAT AREA)Setting up constructive in price and earnings, stock has the potential to be bold.
I am watching at this very closely.
BFIN (LOW CHEAT)Low cheat plays don't really work out very often these couple of months. But I like the price action in this stock.
Setting up a pivot area on low cheat with volume decreasing, a good sign.
CMNT (PRIMARY BASE)Early primary base after it went IPO two weeks ago in small cheat area. Stock will likely go break out pivot area across that previous inside day.
