Why I buy the stock: 1. Low-risk entry 2. It forms a classic cup and handle pattern 3. High relative strength. 4. Volume decreasing (1-2 punch), less supply coming to the market.
Also, the stock closes good with huge volume on the breakout.
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I like to see the stock pause for at least a day or two to develop a proper and stronger handle. Then, I might consider pyramiding my position.