I traded RESINTC back then in Oct 2021 and got profit around 25%. (Previous idea in the ink below) RESINTC experience major profit taking from 12 Nov till 6 Dec. This form the C1. Price and Volume return back strong on 21 Dec 2021 - this caught my attention After that price undergo natural reaction with volume contraction. (C2) Price and volume surge again on...
Happy New Year everyone. Just got back from year end vacation. Have been following MYEG since Nov 2021 (link below), pull back after attempt breakout. (50% of the time pull back will happened in stock market), our job is to monitor if the pull back is a healthy or unhealthy pull back. Seem like this round is natural reaction where pull back <10% range. Price...
Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings. Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be...
ZEEL has formed VCP characteristics. Tight candlesticks at final contractions. Volumes drying, less supply. Stock is ready for an another momentum towards upside. Only for educational purpose. Trade at your own risk.
Scan Criteria Does this stock meet my 8 point scan criteria? Yes Structural Checklist 1. Can a proven price patterns be identified? Yes, a VCP 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes 5. Does price action suggest the stock is consolidating / digesting the...
came across $FLNC this weekend so haven't have a chance to see it trade so not sure how spready it is but a strong looking alternate energy IPO that is acting very well. Broke its down trending line (red dotted) and putting in a sideways cheat shelf. looking for an inside day below supply line to give us a bit lower risk entry.
$TECK 8 month base on base could work right out of the gate in 2022. Wished volume pattern is a bit more convincing with stock sitting right below $29 supply line.
it might be tempting to buy within VCP ... but is it still so when you look at what happened to VGR? Once you have been caught in a move like that ... you learn very fast :) ALWAYS apply risk management where size of your position is in line with your risk apetite! Happy trading!
Have a look at the chart .. you clearly see the contraction in volatility for the last couple of days. A cheat entry according to Mark. I also like the volume below average and 50SMA going upwards!
clearly visible VCP holding just above 50SMA. Price holding in very tight range. Break of top of the range will be a entry trigger.
the left hand side looks a bit choppy but you can see a nice price contraction together with volume lower than average. In good market conditions - this would be a good candidate for long entry provided it would clear the 17.40 level.
CHRW nice VCP Pattern breakout of 100 zone resistance. Call buyer whale MAY 105 and 110 strike , about $1.8M in premium. Bullish confluence in indicators, EMAs opening and trending up. Price Targets $113 and $119 - .5 and .618 FIB levels
A classic Cup-with-handle with VCP characteristic on its handle, very exciting. I got my starting position today, and I am watching this stock closely now. I like to see a breakout with institutional sponsorship/huge volume soon. The market is currently quite volatile, I'm using a mathematical stop to protect my equity. As my last couple of trades doesn't...
Flat base with VCP characteristics, I like the shakeout and the formation of the majority of the supply line. It is very constructive. I'm watching the stock very closely!
Beside the VCP low cheat pattern i shared earlier (link below), SCOMNET also match another pattern called DOUBLE BOTTOM. A: Beginning of the base B: Bottom of the first leg C: Middle of the W (important area) D: Bottom of second leg E: Top of handle (important area) F: Bottom of handle Price/Volume action looking real good! Not sure if a rally will come soon...
$STX showing VCP characteristics and tightness to the right of the base. Some OHS to contend with so on the WL for now.
$HBP showing VCP characteristics. Isn't as tight as I'd like but it's printed a new 10 Week RS high before price and there's demand in the base.
Is in a confirmed uptrend and now after a volatility contraction pattern (VCP), AMEX:CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio. NASDAQ:PIO , another water supply ETF is behaving very similarly but, I prefer ...