Long
LTI according to Mark Minerveni's method
Updated
It has formed a stage 2 Basing formation of around 25-26 weeks, ideal basing characteristics. Stock is already in stage 2 ( uptrend ) fulfilling moving average criteria price above 200MA & 150MA above 200MA
Wait for breakout from the pivot before initiating long.
Wait for breakout from the pivot before initiating long.
Note
Did not breach the pivot to initiate long, forming a volatility contraction pattern. Good consolidation seen, stock still strong. Will wait for breaking pivot high to initiate any longs.Note
Today gave a close at day high on swing pivot, can initiate long now!
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