ELPI - CUP WITH HANDLE

Обновлено
I bought the stock today
August 30, 2024

Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. Newly IPO stock in late 2022
5. High relative strength
6. This is the second buy-able base since the IPO (first: vcp on 8/2/24)
7. More stocks start showing traction.

Flaws:
1. Not really in a confirmed stage 2 uptrend
2. No big volume on the breakout

I like to see if it can holds up and continue moving higher from here
Сделка активна
Today, I sold half for +16% gains into strength.
Сделка активна
Sold another +20% gains into strength on half today.
Сделка закрыта: достигнута тейк-профит цена
Sold the last position on weakness for a decent +11% profit today.

Trade closed: 02/10/2024
cupandhandlepatternipo-stockTrend Analysis

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