No rising wedges
Stock has been kinda hanging on support. If it ges below C..time to get out. An ABC pattern can turn in to a head and shoulders pattern if the C leg does not proceed..or hit break out and pulls back under C
Stop under C to keep you safe from this
PLNT is a bit iffy and was in an ABC pattern. Patterns change and are not set in stone. The only thing that never changes is change itself
This one would be cyclical I would imagine but has seen much higher prices in the past. I do not think the risk is extraordinary at this point but we all have our own idea of risk, although the low was 3.55
The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. The company also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour. It serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. The company markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut.
Not a recommendation
NV picking up Large effective volume and a pocket pivot on Tuesday.
Pocket Pivots
Pocket Pivot: This is a price/volume pattern. Price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
More details on pocket pivots and how they are implemented in chartmill can be found here. Note that both screens use the setting 'pocket pivot today', so this screen will look at the current candle. When you run this screen right after the opening of a new trading day, almost certainly zero results will be returned as we need at least more volume than the maximum down volume of the last 10 days. But, during the trading day nice candidates may appear, and after the current trading day you will get a list of all pocket pivots of the day.
Effective Volume
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. For a complete understanding you should read the book from Pascal Willain. (great book)
Stock has been kinda hanging on support. If it ges below C..time to get out. An ABC pattern can turn in to a head and shoulders pattern if the C leg does not proceed..or hit break out and pulls back under C
Stop under C to keep you safe from this
PLNT is a bit iffy and was in an ABC pattern. Patterns change and are not set in stone. The only thing that never changes is change itself
This one would be cyclical I would imagine but has seen much higher prices in the past. I do not think the risk is extraordinary at this point but we all have our own idea of risk, although the low was 3.55
The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. The company also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour. It serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. The company markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut.
Not a recommendation
NV picking up Large effective volume and a pocket pivot on Tuesday.
Pocket Pivots
Pocket Pivot: This is a price/volume pattern. Price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
More details on pocket pivots and how they are implemented in chartmill can be found here. Note that both screens use the setting 'pocket pivot today', so this screen will look at the current candle. When you run this screen right after the opening of a new trading day, almost certainly zero results will be returned as we need at least more volume than the maximum down volume of the last 10 days. But, during the trading day nice candidates may appear, and after the current trading day you will get a list of all pocket pivots of the day.
Effective Volume
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. For a complete understanding you should read the book from Pascal Willain. (great book)