To The Moon

I have posted an article for 27 Feb 2023 BUY Signal for Pulmonx Corp (LUNG).

Today, I will show you how I would have traded in Pulmonx Corp (LUNG) and make around 30 cents (~2.7%).

Do share your comments and like this post if you find it useful in your trading plan or strategy. I hope to bring you more such article on how you can trade with VWAP, Volume and Bull/Bear power.

Let me share how I was trading it using VWAP, MAVOL and Bull Power with guidance from my model prediction.

LUNG at Market Opening

LUNG was trading above the VWAP from 9:30hrs(US) onwards, this is where I believe that there will be some strength coming for this stock. MAVOL5 is also above MAVOL10.

Volume (especially BUY) start to build up. So, I decided to enter around 11.05 (which is above my predicted resistance level (10.52) when it dips a bit from open at 11.15, but price still trading slightly above VWAP.

I decided to use Trading View to look at the Bull and Bear power.

LUNG (Bull Power or Bear Power)

The Bull power look strong from 9.30am, and I continue to monitor until close to 1pm(US), it continues to trade above VWAP, and I decided to take 30 cents profit, so I place my exit price just before the Bull power started to decline.

Summary

This trade was a quick scalp trade which I wanted to test my trading I am glad that it has turned out well.

It was a good ~2.7% profit.

@TigerStars @CaptainTiger appreciate if you could feature this article so that fellow tiger would benefit from my trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Technical Analysis, and there are many other indicators that need to be look at together. (e.g., Price Action, Volume, etc.).