Oil & Gas keeps working on this market. Entered yesterday on the pullback. Trimming 50% today with a 14.7 gain.
Text book breakout on a low priced name. Had a stage 2 breakout on past July. Its been consolidating very nicely this year making a perfect vcp base with a constructive shakeout and a handle that just gave an entry. AVG Cost: 7.14 Stop: 6.40 Position: 8K 1.5% of Portfolio. Stop % Risk: 10.36% Money Risk: 800 K--> Almost Full Positioning Now overall exposure 19.42%
BBRI is showing VCP characteristics, a break above 4540 should validate it. Volume is drying up but the relative strength isn't too good tho.
Recent IPO. "ESAB Corporation Completes Separation From Enovis and Launches as an Independent, Publicly Traded Company" Breakout from a cheat area an IPO Base with VCP characteristics. AVG: 50.59 Stop 48.50 Risk: 4.13% Position Size: 8K Overall Exposure: 16.80% Still very conservative, summing pilot positions one day at a time while trying to create cushion.
VCP Pivot: 175.27 Stop 159.10 Avg Cost: 175.27 Risk From Pivot: 9.22% Position: Full defensive: 500 USDs Risk Oil, Gas and Coal keep showing strength on this difficult market. Adding small positions one day at a time. Overall exposure now @11.5% mainly on Commodities & Healthcare
I got my position early this morning. I tried to play the low cheat level in this VCP setup.
After a 60 day base and a 2T VCP from 11.75% to 5.85% LLY gives a low risk entry point @ 294.34. Will manage as 1/3 profit on 1R (Moving stop to break even), 2/3 profit at 2R and give the rest room for a higher move.
Observeations mentioned on charts. nice contraction on 1 hour charts. Demand clearly visible and good fundamentals as well. Risk on this trade is 0.5% of Portfolio. Only 1/3 order got filled. Publishing for my own reference. Not an investment/trading advise.
Observations mentioned on the chart. Weekly inside bars and tight consolidation. Publishing for my own reference. Not an investment/trading advise. Markets in downtrend, took a small position.
WHEAT: A breakout is on-going following a great volatility consolidation pattern "VCP" 3 supports and a pivotal point touched 4 times. This is a good set up.
breaking out of the base exhibiting strong RS while indices are down more than 1.5%, this stock is up 1% and holding the key moving averages volume dry up in the base big buying volumes pilot position - buy stop order at 944 SL 899 Publishing for my own reference. Not an investment/trading advise.
I had my position on 18th January 2022. The stock pullback to the breakout level, then immediately bounces back. I like to see some follow-throughs in the upcoming days.
LPPF come out from new filter, still same try to find volatility contraction but with different timeframe. From chart pattern looks like Falling Wedge, expect low volume on contraction, testing this new screener using smaller MM
BTCUSD is in a downtrend on the weekly chart, but there doesn't appear to be a real strong case for long or short immediately. It's possible that BTCUSD is in a VCP accumulation phase. Long and short targets presented.
Low volatility with low volume. MACD is death cross. Buy point is above high.
Price makes ATH, MACD Death cross but price seems low volatility on top, Volume is below average. Would like to see price break high base with volume. Wish me luck
There is a volatility contraction pattern seen in CENTURYPLY LTD, at its life time high. There is also a very decent volume spike seen. Long trade can be initiated here.
I do like this setup with not only narrow price action but also reduced volume. Key will be to break out of 215 price level.