02Mar2:16 pmEST
An Up-Close Look at a Position
I added to my CRTO long this morning, as noted on this site earlier today, largely due to the continued technical bullish signs. On the updated daily chart, below, note that price still has room to push higher yet before becoming even mildly overbought at the upper Bollinger Band.
Furthermore, the volume pattern, at the bottom of the chart, remains quite impressive, perhaps signs of significant accumulation in the name.
Of rouse, a rug-pull in the broad market can come at any time at this point, which is a risk to this trade.
As I noted earlier, I am looking closely at the action in the small caps into the bell today, with their fade well off the impressive morning highs. Names like GOOG are strong in the Nasdaq, while TSLA is following-through lower from a textbook short setup.