When we trade stocks…we look that the market is healthy….that is rather uncertain after 8 years plus….we look for strongest financials and technical setups. With VEEV we have multiple trend following setups. Setups are only part of the game. We need trailing stops…we need risk per trade and total risk on the portfolio….However VEEV shows multiple entries and is on my canslim watchlist.
First we had a W bottom…as shown by the arrows….Then we had a Cup break out…and a cup with handle break out. These patterns repeat all the time. However they do not work all the time. That is why we trade with stops.