Suspected to be the end of rally. Failed to breakout the final volatility contraction, and most likely will reach 200 MAs. Have not done macro& fundamental research on this one. Just scheming thru.
SCCO is a nice setup in my opinion. After a nice +250% rally, SCCO has formed a solid VCP pattern with nice rounded base and appears to be ready for the next leg up. Started a position here and will add on a break above 80. For those looking for less, risk can alarm the breakout and go long there, as we may get one more dip to shake out weak hands before more...
Supported by macro outlook of inflationary pressure, defined in details using technical analysis from support and resistance as well as volatility contraction pattern (VCP).
Loews weekly chart appears to be breaking out of a volatility contraction pattern , with price coming out of a nice rounded base and aiming for next leg up. I am long shares at $63 and will add as this grinds higher, trade invalidated and stop loss at -8% or $58.05 First price target $66
Anthem, Inc. is a provider of health insurance in the United States and is ranked 23rd on the Fortune 500. Fundamentals are very strong, it has an average YoY revenue growth of +14% for the las three quarters, and the last two quarters had EPS and Margin growth over the hundreds. IBD is giving NYSE:ANTM a #1 rank in its industry group and a 94 relative...
Break out today from a cup and handle setup, I like its price action as it has a VCP characteristic.
CHINHIN VCP breakout recently after QR released. Looks rigid with below setup: C1: -18% C2: -10% C3: -7% CHINHIN is contradict to market movement. Good sign of smart money flowing into it. Let's see. Disclaimer: Not buy call recommendation. Just personal sharing through chart pattern and trend analysis. Trade at your own risk.
Break out today, the stock has a VCP characteristic, and it is very tight. I don't really like the fundamentals. But I got a small position, I'm getting myself involved in a quick move.
Stock is trading above key moving averages. Exhibiting strong RS Volume dry-up on final contractions. Publishing for my own refernce. Not an investment advise.
Swing Trade: Prior uptrend with very high volume, VCP as continuous pattern, Avg Volume decreasing during vcp, Range BO along with volume. Postion size should be as per risk. not a recommendation. Only for learning and revising myself
Stock recently broke out of a ~10 month base and is forming a very tight VCP / high handle. The stock continues to make new relative strength highs, giving very little back while the indexes struggle, showing its superior strength relative to the overall market. Look for a breakout over the February 9 closing print of $51.54 with a stop just below the low of the VCP.
The stock developed a VCP setup, fundamentals good. I got a position early this morning, but immediately stopped out. It simply doesn't act well.
I am not GOLD bull - i read charts. Feels like the price action is confirming what we see happening outside of markets. i recently read a report that someone was secretly buying gold at around 1800 and putting it aside - based on yahoo search- here is the copy of it: (Bloomberg) -- Spot gold is again bobbing along near $1,800 an ounce, as it has been since...
Volume dry-up; drifting sideways around 21 EMA. Inside day candles. RS higher; moved +6% where nifty tumbled by -2%. EPS score of 91 RS rating 50 Pivot bought at 860. SL 802 Publishing for my own reference. Not an investment/trading advise.
I first traded 3A last year on 4 Oct after confirm up trend rally, gave me around 15% profit back then. 3A later undergo correction period and have been following since Jan 2022 when the price rise back up MA50. (Previous related ideas in link below) The current VCP took 3 months to setup with below contraction: C1: -14% C2: -9% C3: -3% Price breakout with...
I posted few weeks ago about VCP on Gold. That trade got stopped out. I encourage you to have a look at the weekly chart. To me it looks like a great example of long base with 3 contractions. Always trade with stop loss!
12% profit -price dah sampai 15% dari BO place & 13% from top -ADR (volatility), drop from green to red line (range 2.5 - 2.9) indicate supply = demand -RSI>50 = strong uptrend momentum -RS>0 = strong stocks compared to FBMKLCI characteristics: 1st drop < 35%, last low cheat < 15% from top monitor closely when it has small range, Remember: 1. volume come first...
15% profit -price dah sampai 16% dari BO place -ADR (volatility), drop from green to red line (range 2.5 - 2.9) indicate supply = demand -RSI>50 = strong uptrend momentum -RS>0 = strong stocks compared to FBMKLCI characteristics: 1st drop < 35%, last low cheat < 15% from top monitor closely when it has small range, Remember: 1. volume come first before...