PGAS (VCP - 12W 15/3 3T)I bought my positions today
August 19, 2024
Reasons:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +50% in the last three months while the index correcting -3%.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. A huge volume on the breakout.
Flawed:
The general market is vulnerable to go into a correction
This is a quintessential VCP, a very proper looking setup. I like to see some follow through action from now.
