BREN - POWER PLAY

Güncellendi
I have a position today
November 30, 2023

The reasons:
1. Low-risk pivot point
2. The stock offers a classic low cheat pivot in a power play
3. It skyrockets huge >500% since it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up during the pause (1-2 punch)
7. huge volume on the breakout

Flaw:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA.

This is a power play on top of a power play, where velocity begets more velocity. I like to see if it can hold up and move higher from here.
İşlem aktif
I sold half into strength at +21% profit today
İşlem kapandı: hedefe ulaştı
I sold last position at + 10% gains on a backstop.

Trade closed: December 19, 2023
Chart PatternsHTFPOWERPLAYvelocityplay

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