BREN trade ideas
BREN - POWER PLAYI have a position today
November 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers a classic low cheat pivot in a power play
3. It skyrockets huge >500% since it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause (1-2 punch)
7. huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA.
This is a power play on top of a power play, where velocity begets more velocity. I like to see if it can hold up and move higher from here.
BREN - VELOCITY PLAYI have a position
October 27, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets huge >300% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause
7. Big volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
This is a power play type of setup, where velocity begets velocity. I like to see if it can hold up and move higher from here.
