The reasons: 1. Low-risk entry point 2. The stock offers the first buyable base after an IPO 3. Tight pivot level/line of the least resistance 4. High relative strength stock 5. Entry point at low cheat area
The flaws: 1. The general market is still in correction 2. There is still a huge overhead supply on the left side
The stock closes good and strong on the breakout. I want to see some constructive action in the upcoming days.
Trade active
I add to my position today
Trade closed: stop reached
Stopped out entirely at -6.7% loss on July 6, 2023.
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