$VRT Flat Base Breakout?

1 thg 12, 2023

I traded VRT about 3 weeks ago on the break above the declining trendline shown on the chart. It had a lackluster move, so I closed it out for 1.12 profit per share over a 2-week span, too slow for me.

Yesterday saw a lot of buying on big volume. I wanted to wait until this morning to see if there was going to be any follow through. Yes, it happened so I have started a new ¼ size position with the day low as my stop. With all that volume I am looking for this to be a sustainable breakout, but I have that stop in case I am wrong. If I am correct, I will look to add on any pullbacks to the moving averages.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

12 thg 12, 2023

Giao dịch đang hoạt động

I started a 1/4 size position in VRT back on December 1. It has not been a barn burner but I am up almost $5 per share. I just added another 1/4 size this morning to bring this up to a 1/2 size position.

12 thg 12, 2023

Ghi chú

Correction on $5 gain, It is $3.85.

13 thg 12, 2023

Ghi chú

VRT I have taken 1/2 of my position off here to book some profit as it looks to be climaxing. I'll keep holding the position I have now with a breakeven stop. I would like to add back on pullbacks as I think this is a bit of a sleeper and could give me 20% to 30% gains if played right. TBD.