Early entry in small cap health services, $MEDPSince late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230.
This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend.
The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230 pivot.
Medpace Holdings is ranked #1 in its industry by IBD. I recomend to also check NYSE:VPG which is also setting up.
Its being hard for small caps to get demand as the indices are still in downtrends making the sentiment stay bearish.
But as JC Parets always likes to remember, "is a market of stocks, not a stock market".
