Long
VLKAY: 35% upside in the stock
Updated
VLKAY has triggered a monthly breakout from a massive accumulation base, and after a good pullback into earnings support, flashed a buy signal for us, in the monthly, weekly and daily timeframes. Such an opportunity is not to be missed!
Let's enter longs at market open gradually over 3 days, aiming to build a 14% position. The stop loss orders are not required, since we could manage risk with options in the long term. For now, entering the stocks position is more important, and the odds of holding this support are very high, due to both technical as well as fundamental variables.
Good luck,
Ivan Labrie.
Let's enter longs at market open gradually over 3 days, aiming to build a 14% position. The stop loss orders are not required, since we could manage risk with options in the long term. For now, entering the stocks position is more important, and the odds of holding this support are very high, due to both technical as well as fundamental variables.
Good luck,
Ivan Labrie.
Note
Great confirmation so far.
Note
I added on the setback.Note
Hold!Note
The uptrend looks good now, but I would be cautious. Trail stops if still in it, or be ready to take profits soon.
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