* Excellent earnings * Very strong up trend * Very high 3-month relative strength in the Healthcare sector * Pocket pivot occurred on the right side of the basing pattern with high volume * Steady increase in price shows tonnes of institutional demand Trade Idea: * Now's the perfect time to get in as recent volume is indicating institutional interest * The...
* Excellent earnings * Very strong up trend * Extremely high 3-month relative strength in the Healthcare sector (110..69) * Pocket pivot occurred on the right side of the basing pattern with extremely high volume * Pattern shows tonnes of institutional demand * Maximum probable ROI for this trade would be around 33.75% Trade Idea: * Now's the right time to get...
* Good earnings * Strong up trend * High relative strength in the Real Estate sector * Pays out dividends generously * Breaking out of a very tight 2.64% range with 104.98% higher than average volume. * This can also be considered a Pocket Pivot breakout Trade Idea: * Now is the perfect time to get in as the price is still very close to the broken range...
* Good earnings * Very strong up trend * High 3 month relative strength in the Real Estate industry * In a constructive basing pattern for the past 7 months that's rounding out * Stable volume with increasing price * Pocket pivot occurred on the right side of the basing pattern. Trade Idea: * You can enter now as indicated if you don't mind a little volatility...
* Excellent earnings * Strong up trend with recent choppiness * Breaking pre-pandemic highs * In a constructive basing pattern for the past ~8 months * Was in tight consolidation for the past 3 weeks (2.72% range) * On the right side of the basing pattern Trade Idea: * Now would be a great time to get in since it broke out of a tight 3 week consolidation with...
* Good earnings * Very strong up trend * High 3 month relative strength in the Healthcare industry * In a constructive basing pattern for the past ~4 months * Volume steadily increasing and good earnings report caused it to go higher
Pocket Pivots are described in the book ‘Trade Like an O’Neil Disciple’ of Dr. Chris Kacher and Gil Morales Actual idea was explained for daily charts ... I have adopted this to check on hourly charts to find if there is any advantage for short term trading ... Logic behind this is price should be above 200 ema and consoidating around 10 or 50 ema , ...