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MojePieniadze
Jan 6, 2022 5:55 PM

Buy signal - VCP with UC&R Long

Evertec, Inc.NYSE

Description

With EVTC i see two buy signals - both based on the teachings of my masters - M. Minervini and G. Morales.
First we see a VCP over the last few days (it was also on a short list from our VCPSniper). What is interesting when you look at in details is that we see a 'shakeout' (following MM rules of VCP) that for aggresive traders can be taken as UC&R (undercut and rally) from the previous low. What is even better is that this offers a very tight stop.
Lets see how this develops!

Trade closed: stop reached

i closed the trade .... it did not behave as expected. So i pocketed a loss.
Comments
DutchMasterJB
How can I use or get access to your VCPSniper?
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