BEAM: +12% in 1 week – RajCAP Swing Cycles
One of several profitable trades identified through the Eliot Wave approach. On May 13 Rajendra Parmar of RajCAP Swing Cycles identified a ‘trend continuation’ with Beam Suntory, a global spirits brand with presence in the US, Mexico, Europe and Asia. He closed that trade 8 days later with a tidy 12% profit. Using this approach, RajCAP booked profits in other sectors including healthcare and technology, so his approach incorporating the psychology of trading allows his followers to move across sectors for opportunities.
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