@64eheh thanks for the example; had a glance at the POD chart & IMO fairly damn interesting.
To my eye several interesting IHnS set ups from the 3 year basing pattern; the most obvious at 10 c so could have been very interested in the late Oct 2020 BO of that level and would have got excited when it backtested several times in Nov.
FWIW I cannot see any Technical reason that would have had me entering at your 8c last Oct .... so I assume it was FA based? Well done and it achieved the mythical "Disallowed" = well done.
Back to what I see; of course even if I had entered at 10 cents I notice it had a quick dip to 8.9c in December .... an old poker term we have is "get rid of the improvers" & that dip would have tested my risk/reward from a 10 c + IHnS entry eg a BREACH of the neck line and > 10% loss =2 very good reasons to close IMO.
However after it rocketed back up through 10cents just a lovely set of HH & HL's; I would have been V concerned at RSI div (only indicator I ever looks at) at the 5/5/21 high.
I again see nothing to me eye that would scale me back in at 57c.
I note it has now put in a LH & FWIW I would be reading action from recent highs as serious distribution.
Just thought I would share in case anyone interested ..... probs shows why I dont get 10 baggers too often & I still cant see myself scaling in too often.
Great entry(s) though and thanks for sharing. All very interesting.
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