1COV added to model portfolio

10 ต.ค. 2023

Covestro has just been added as a 12.5% position to our model portfolio.
Some comments:
1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend.
2. Stochastic RSI are indicating an entry coming our of an oversold position.
3. This is a pullback entry following a healthy pullback over the last 2 weeks under low volume which allows for a low risk entry.
4. Relative strength of 1COV as measured against the SP500 is very high which makes that a momentum trade.

Here is the link to our updated model portfolio:
tradingview.com/watchlists/113058579/