OZON - High Tight Flag - 2021-02-18
OZON Trade Summary
Performance metrics and trade details for OZON breakout.
- Stage
- Catalyst
- Risk
- None%
- Gain %
- None%
- Trade Duration
- 0 days
- Market Condition
- Market Cap
- $NoneB
- Shares Float
- NoneM
- Entry
- Stop
- Exit
- About
OZON, the "Amazon of Russia," surged 45% before forming a bull flag. Entry was made after the breakout, but intraday charts showed volume was not strong. The stock faded two days later, falling back into the flag area, leading to a 2% loss.
Conclusion: The 1 min/5 min/15 min chart volume during a breakout must be very strong (100%+). This time, it was above average but insufficient. Lesson: Avoid entering if breakout volume is weak.
Before Breakout Daily
Intraday Entry
After Breakout
