- Entry - First pullback after 29th November 2023 candle - Stoploss - 1890 - Position sizing - 20% of the capital - Target - 2150
Catalyst behind
- IT sector outperforming - Quarterly EPS - 120% up from previous years same quarter (why do we compare from previous years quarter - because to hinder one time extraordinary earnings on sale of real estate or machinery) - Annual EPS - 50% up from past 3 years (2020 2021 2022) - Return on equity - 18% (considered healthy) - Total revenue - 28% up from previous years same quarter
Technical analysis
- RSI weekly - above 60 - Moving average crossover - 20 dma over 50 dma - Bollinger band - Squeeze open (volatility contraction) - Base building - 11 weeks
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