- High inflationary Macro environment / Market has no fear sentiment - Funds Accumulation - Positive PE - Decent PEG - Positive P/FCF - Strong Sector / Industry - Biotech seems to be breaking out
Technical
- Momentum Theory Indicator - bottomed and broke out neckline - Price action formation ( falling wedge ) - Broke out Trend line with volume - Price above 200MA - Price above POC - Broke ST - Engulfing candle follow through
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.