Possible leader in technology
Pro:
-Low float between big tech stock (major reason harnlen, kym, cfm, annum can BO easily. Risk management for cut losses)
-Above all MAs
-BO woth volume
-Low volume down days
- Tight price action forming handle
Con:
-Price action volatile during downward and upward momentum
-Growth stock season?
-Too far from MAs. Handle need time 1-2 weeks for MAs to catch up.
Conclusion:
Monitor, buy with tight CL. Sell into strength
Pro:
-Low float between big tech stock (major reason harnlen, kym, cfm, annum can BO easily. Risk management for cut losses)
-Above all MAs
-BO woth volume
-Low volume down days
- Tight price action forming handle
Con:
-Price action volatile during downward and upward momentum
-Growth stock season?
-Too far from MAs. Handle need time 1-2 weeks for MAs to catch up.
Conclusion:
Monitor, buy with tight CL. Sell into strength
