NVDA
NVIDIA
-- 128.910 TSLA
Tesla
-- 440.130 MU
Micron Technology
-- 103.900 QUBT
Quantum Computing
-- 25.680 PLTR
Palantir
-- 71.510 
Vitrox Breakout with Volume!
$VITROX (0097.MY)$ Vitrox has been building up at a significant resistance level since October, forming higher lows along the way. Last Friday, it finally breakeout of the resistance level with volume!
Breakout trade is one of my favorite patterns because they offer stronger confirmation. However, there's always the possibility of a failed breakout. The reason I took this trade is that it broke through a SIGNIFICANT resistance level, not just a normal one.
This was a quick trade for me, as there's another SIGNIFICANT resistance level at RM4.01. Therefore, this is purely a breakout and take-profit trade.
My Trading Strategy Plan:
1. It has been building up at a significant resistance level, with three touches and higher lows are formed.
2. It breakout with strong volume.
3. The risk-to-reward ratio is favorable. I entered at RM3.66 and exited at RM4.01 (SL: RM3.56, TP: RM4.01)
4. Never get emotionally attached to stocks! Hit and run, especially when market sentiment is weak.
2. It breakout with strong volume.
3. The risk-to-reward ratio is favorable. I entered at RM3.66 and exited at RM4.01 (SL: RM3.56, TP: RM4.01)
4. Never get emotionally attached to stocks! Hit and run, especially when market sentiment is weak.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment