So , personally I like LW as one of the leading names for my style at this time , It has it all , earnings , cool products that are fun ( guess I am getting old if I think potatoes are fun eh lol) , institutional support and it has great RS with TT's qualifications ( those being RS , open 2/2 gap , and overall tightness) this seems to be some traits that stand out as the best setups I try to pick . I especially like the ones that have rising RS with dropping price/consolidating price , during consolidation of price which LW does not currently have but has had on recent setups .
Market breadth is not very good based on new highs vs lows so I think that is an overall concern right now , but hoping market can base sideways for a while and catch up on its sleep .. there are some nice inflow volumes pouring various stocks that are quite large recently too across the market , so looks like we might maybe have more buying support than we think near these price levels , continued range is more likely though statistically speaking. Either way my strategy wants me to buy so thats whats happening , doesn't matter what I think .
Also , note the Volume anomaly I see on the 17th of march , huge volume , small red down day on candle , so buying ... just a small thing that probably helps ....not something I am basing the trade on but its a bonus.
Market breadth is not very good based on new highs vs lows so I think that is an overall concern right now , but hoping market can base sideways for a while and catch up on its sleep .. there are some nice inflow volumes pouring various stocks that are quite large recently too across the market , so looks like we might maybe have more buying support than we think near these price levels , continued range is more likely though statistically speaking. Either way my strategy wants me to buy so thats whats happening , doesn't matter what I think .
Also , note the Volume anomaly I see on the 17th of march , huge volume , small red down day on candle , so buying ... just a small thing that probably helps ....not something I am basing the trade on but its a bonus.
Trade closed: stop reached:
So funny but I was filled on PT1 in afterhours buy someone who probably was unhappy with that fill but that put into effect the raised stop rule and I was stopped out of balance at half risk , the goal is to stay focused and for whatever reasons I like ACGL , LW and ULTA , also EXRO . Tons of other things too but those are the ones I want to stay focused on , Exro maybe not since it costs me a lot more to trade a regular position size.
艾力克~