Week 12 in management, gain above 60%
Credo Technology rises 6.6% this week, but money flow stays out of step
Week 12 in management, gain above 60%
Our view last week
Credo Technology is in week 11 of a buy signal opened well ahead of the current picture, up 50.5% since entry. All 3 targets of our most advanced model have been hit: coverage is complete and the stop now trails the Inversion Point, in the 211 area. It ranks 15th among the 125 open buy positions in US stocks.
This week's summary
Credo Technology gains 6.6% this week, its sharpest recovery since it shed 12.4% two weeks ago, but money flow stays out of step and price action flags a distribution phase underway. Up from last week's 50.5%, the trade now sits above 60% since entry, in its 12th week of management, with price pressing against resistance in the 260 area.
IQS Phase
47
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#15 / 129
US stocks in progress
Trade P&L %
+60.43%
from signal to today
restricted Platinum content