$ATAI consolidating from wedge breakout
Updated
This is one that I really look forward to. My conviction is fueled by the following:
- Belief in small mid caps outperforming following weeks
- Observation that new IPOs breaking out of downward wedge seem to be high probability plays
- All the short squeeze momo plays have a high chance of rotating into weed/shroom stocks.
- I think it has consolidated enough (tight small movement consolidations)
Now that I have gathered my thoughts, I realised for such level of conviction I am not sized up correctly as opposed to my other lower conviction plays...
- Belief in small mid caps outperforming following weeks
- Observation that new IPOs breaking out of downward wedge seem to be high probability plays
- All the short squeeze momo plays have a high chance of rotating into weed/shroom stocks.
- I think it has consolidated enough (tight small movement consolidations)
Now that I have gathered my thoughts, I realised for such level of conviction I am not sized up correctly as opposed to my other lower conviction plays...
Note
This looks okay for now, trade still valid despite down day.
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