Long #STLA on strong Sector and Industry. Performance. I picked STLA as the higher time frame weekly chart had a three bar congestion and a weekly breakout which suggests a monthly breakout trend. That is the structure was more positioned for a breakout than others. To note on the monthly charts, long term trend is in huge sideways structure and we are trading in middle of value area. Risky but the resistance suggest a possible 20% upside. As long as the trend is up on the weekly and monthly, I would hold until price action suggest otherwise. Await this month qtrly results. #swingtrading 

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  • LohYK
    ·2023-02-04
    seems like in overbought territory now
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    • VCPStage2MMTraderWannaBe
      Thanks YK for comment. if you use Momentum InIdicators like RSi it does show it went to 70. I use Swing Stats taught by #RayBarros in which we analyze the 5 Days (weekly) and 18 Days (monthly) Swings and compare them to the stock historical Swing Stats. Historically the 5 D moves 4.6%~25.7% and the 18 D 19.7~52%. Base on latest swings it is still within the Normal Distribution Curve or 70% of the collected stats data. Once the Swing moves to beyond this range I will start looking to take out some position and manage accordingly. hope this helps.
      2023-02-05
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  • hd87
    ·2023-02-04
    Thanks for sharing :)
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  • 陪你去看流星
    ·2023-02-04
    Abc
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  • yahongmeimei
    ·2023-02-04
    👍👍
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  • Jacky82
    ·2023-02-04
    [难过]
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  • Gladys80
    ·2023-02-04
      k.
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  • HKwis
    ·2023-02-04
    OK
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  • Jasontay81
    ·2023-02-04
    Hi
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  • DannyLeong
    ·2023-02-04
    [Smile]
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