Does the stock want to go higher?
The several tweets yesterday really resonates with me. It’s such a simple question, but one you should always ask when deciding whether to move a stock from your watchlist to your actionable focus list. Before executing, ask it again. A simple pre-execution question, but it helps reset your mindset for clarity — keeping you from pulling the trigger on trades like a machine gun.
When I reviewed some of the biggest winning trades on % run, they all fulfilled this same condition. Heavily beaten down with long-term neglect. First huge rally with strong volume. Re-setup with RS during consolidation at higher low base. Setup in cluster of MAs pinching together. First breakout candle is of high RVOL. +180% in a month.
Specifically, when they trade in isolation from the market cycle, they tend to behave without influence from the broader market. This is my new desktop wallpaper (I cleaned the $Kingsoft Cloud Holdings Ltd(KC)$ chart with the new volatility adjusted RS on 2024 setup)
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