BDKR - CUP WITH HANDLEI bought my positions today
October 9, 2024
Key factors:
1. Low-risk entry point.
2. Established a clear Stage 2 uptrend, indicating positive momentum.
3. Breaking into its all-time-high.
4. High relative strength, the stock went up +80% compared to a modest 11% increase in the index.
5. The recent reduction in volume suggests diminished supply in the market.
6. Many stocks start showing traction based on my own stock continuum.
7. We are in the early phase of a larger bull market cycle, adding tailwinds to individual stock movements.
8. The market shows a constructive advance, with 48% of stocks trading above their 200-day moving average, indicating underlying market health.
9. Significant volume on the breakout, supporting the move’s legitimacy.
Considerations: While the stock exhibits a solid technical foundation, the breakout is not as robust as typically expected for a stronger move.
This is a textbook cup with handle formation which typically precedes further price appreciation from the entry point. I'll be closely monitoring its behavior to assess its ability to hold and build on these gains.
BDKR trade ideas
BDKR (VCP - 6W 15/5 3T)I bought my positions today
October 1, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Very clear and crisp pivot point
4. One of the leaders in the current market
5. Stock explodes >100% while the market only goes up 6%
6. High relative strength
Flaw:
1. Hard-penny environment
2. Bad close, stock squats after the breakout
I like to see the stock holds up well and perhaps pivot resets.
BDKR - PRIMARY BASEI bought my positions today
May 25, 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. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
