#GENESYS is currently experiencing a fresh trend, with a remarkable 70% increase from its lows.
Holding a position from 507, it shares similarities with the traits observed in #WARDINMOBI and #OLECTRA.
In the case of #WARDINMOBI, strong buyer interest during low earnings and a news catalyst led to a 70% run from lows, establishing it as a solid momentum candidate.
#OLECTRA mirrored this pattern by attracting strong buyers and sustaining positive momentum.
While acknowledging industry/theme strength, the focus remains on stocks with ultra-high volumes and a robust rise in price.
Technical analysis emphasizes the significance of strong prices and volumes in identifying thematic/industry moves.
In momentum trading, strong prices and volumes mitigate overhead supply as a barrier to executing trades swiftly.
- Swift execution is facilitated by recognizing past trades with similar characteristics, forming a playbook with hundreds of such setups.
- The key to consistent trading lies in creating a robust database of repeatable setups for repetitive and reliable trading strategies.