PANI - POWER PLAY

Обновлено
Position Update: October 16, 2024

Key factors:
1. Low-risk entry point.
2. The stock offers two entry points with a very tight risk.
3. A power play on top of another power play, this is a strong sign of continuation of upward momentum.
4. Corrects 18% during this pause, indicating big institutions' reluctance to sell their positions.
5. High relative strength, outperforming the general market.
5. The stock is moving on its own universe and marching to its own drummer.
6. Volume diminishes during pauses, indicating less supply coming to the market.
7. The general market is in the early stages of a bull campaign.

Consideration: Breakouts are not accompanied by substantial volume.

This is a classic Power Play setup, featuring two viable entry points: a low cheat and the handle. My initial position was taken on October 11 from the low cheat. I’m looking forward to seeing further constructive price action moving forward.
Сделка активна
I sold half of my position into strength today, securing an +18% profit.
Сделка активна
I sold again half of my position into strength this morning, nailing +42% gain, and allowing the remaining shares to free-roll now.
HTFPOWERPLAYTrend Analysis

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