NEST - CUP WITH HANDLEPosition Update: February 6, 2025
Key factors :
1. Low-risk entry point.
2. Very clear bases with VCP characteristics.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock price increased while the market crashing down.
5. High relative strength stock.
6. Volume dries up as less supply coming to the market.
7. The breakout was confirmed with a huge surge in volume.
Considerations : The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior. It is very few stocks that setting up decent bases.
I’d like to see if it can hold up and follow through from here.
