Simple strategy that works in this bull market? [Video]

Ming Jong Tey Independent Analyst

Watch the video from the WLGC session before the market opens on 26 Nov 2024 to find out the following:

How can supply absorption be spotted during a market pullback?
The textbook style setup every trader can easily apply.
The buy-on-dip analogues in the past that traders could use as benchmarks in the current market environment.
And a lot more...

Market environment

The bullish vs. bearish setup is 863 to 28 from the screenshot of my stock screener below.

There are lots of complacency in the market and they are reflected in the overbought and over-extended price action.

Three stocks ready to soar

19 actionable setups such as DASH, CORZ, VIK were discussed during the live session before the market open (BMO).

DoorDash (DASH)

Core Scientific (CORZ)

Viking Holdings (VIK)

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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