Reason for long - Consolidation breakout
High risky penny stock: position sizing not more than 0.5% of total capital and has risk of complete erosion of invested fund in this stock. It is purely experimental investment and purely based on technical. The organization is non-significant profit making, but volume increased in recent times.
1. Powered by vwap breakout.(Yes)
2. Strengthened by weekly breakout.(No)
3. Intensified by three month breakout.(No)
4. Energized by Positive previous Quarterly result.(NO, standard earnings).
5.Punched by QQE breakout.(Yes)
6.Facilitated by Volume burst.(Pre breakout volume accumulation)
7. Armed by breakout non over-lapping candle.(No)
8.Catalyzed by breakout candle having Open=Low candles (OL candles) (No)
9.Patronized by Head and Shoulder Set up, pull back set up (Yes)
SL compulsory
Duration: 2 months
High risky penny stock: position sizing not more than 0.5% of total capital and has risk of complete erosion of invested fund in this stock. It is purely experimental investment and purely based on technical. The organization is non-significant profit making, but volume increased in recent times.
1. Powered by vwap breakout.(Yes)
2. Strengthened by weekly breakout.(No)
3. Intensified by three month breakout.(No)
4. Energized by Positive previous Quarterly result.(NO, standard earnings).
5.Punched by QQE breakout.(Yes)
6.Facilitated by Volume burst.(Pre breakout volume accumulation)
7. Armed by breakout non over-lapping candle.(No)
8.Catalyzed by breakout candle having Open=Low candles (OL candles) (No)
9.Patronized by Head and Shoulder Set up, pull back set up (Yes)
SL compulsory
Duration: 2 months
Comment:
promotor increased the stake at 500 price point. 500 is the reference point for next round of accumulation
Trade active
Trade closed: stop reached