$WELLCAL: Why Buy Before the Breakout?
![$WELLCAL: Why Buy Before the Breakout?](https://sgsnsimg.moomoo.com/feed_image/101819841/8a5e40d5304c3607b59bba60a9abd456.png/bigmoo)
With a 250-day increase of +70.2%, a 60-day rise of +18.9%, and a 10-day uptick of +7.51%, $WELLCAL (7231.BMS)$ is making waves in the market. While it falls within the mid-range on our watchlist, barely making it to the top 10%, its trend follows a steady upward trajectory aligned with the EMA50.
![$WELLCAL: Why Buy Before the Breakout?](https://sgsnsimg.moomoo.com/feed_image/101819841/0cc771bcf2ea3e6486bce66a4c5539bc.jpg/bigmoo)
Not long ago, it experienced an 11% pullback, particularly noticeable after a significant volume-driven decline at the beginning of January. This prompted some traders to step back and observe. However, as February began, it built up under resistance, with trading volume gradually increasing and risks diminishing.
What does this indicate? It's a sign of stability in both volume and price action. The next volume surge is likely to indicate the direction. As our ancestors said, the strong remain strong, and statistical analysis shows that upward trends have an advantage. From here, the strategy is simple: ensure low risk to "fight" for profits.
If you always wait for calm seas to fish, you'll find yourself amidst a sea of boats with very few fish. Therefore, it's essential to seize opportunities even in uncertain waters.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment