LSE:RNO is close to breaking a long-term downtrend. This coincides with the pivot point for the current short term up trend which should signal a move to 20p
NYSE:UBER Below average volume with the 50 day MA within range while it continues to develop under 54.19 high. Ideally, I want to see another small contraction or a few days of consolidation for a breakout through 54.19 high. Note: It is not outperforming the SPY as shown in the CRS but that is typical of a name that is developing a healthy base before a breakout...
NASDAQ:RGEN Well below average volume with VCP action. It is showing good RS with the 50 day MA within rage. I'd like to see it put in a couple more consolidation days before it takes out that 200.19 high.
If you missed the $TSLA VCP, here's one more $NVDA. Same pattern as $TSLA before the big breakout with higher lows and supply dry up indicating that most of the selling is done. Volatility contraction Pattern by @markminervini 📈
Call it a VCP or a Cup and Handle Breakout. Golden Cross just happened on Daily Chart. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and...
VCP pattern breakout and now awaiting breakout from a retest flag pattern. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate...
Coming out of a VCP or a cup and handle pattern. Awaiting a breakout. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it...
At 402 , there is a strong resistance from a long trend line. Safe playing investors should enter only above 402 on "closing basis" for the targets in green in due course. However, the ADX > 25 indicates a very strong trend at the moment backed by a Golden Cross recently. So risky investors can take a chance entering at CMP- 373 for a target of 402 which is about...
Downtrend reversal on Peloton MACD Golden cross ARKK buying on 8/12 for the first time Low volume pullback Gap-fill 122 H/E, might show similar patterns to $AAPL and $TSLA. Could go down to a HIGHER low before cracking ATH's again
QES volatility contraction pattern has developed ~4 months since it previous peak with 4 contraction below: C1: ~39% C2: ~16% C3: ~12% C4: ~5% The last 3 trading day shown strong support together with volume around 0.315. QES will further attack once it break 0.325. With 0.295 as final support, the risk ~6.5%. In term of fundamental wise, 5 recent quarter...
Another stock that current with VCP development. C1: ~40% C2: ~16% C3: ~6% C4: ~6% As VCP related to demand vs supply. Seem like supply is not that much now with volume decreasing. Awaiting huge demand to come in and push the price up! Will take off anytime soon. First support: 0.720 and second support 0.705 Disclaimer: Not a buy call suggestion, trade with...
Fall in love with VCP setup trading and would like to share my analysis about VCP trading. Seems like APPASIA has undergo 3 round of contraction with each contraction smaller that previous! C1: ~38% C2: ~16% C3: ~6% I believe price will form a pivot point at current stage. Is a good entry for 1st position. Once it break 0.740, you can top up for 2nd position....
Awaiting a Breakout from a Cup and Handle Pattern. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you...
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BINTAI is constructing VCP that is similar to Solution VCP that i shared earlier (link below). C1: ~33% C2: ~23% C3: ~9% Current construction around 58 days. There might be a C4 that is less than 9%. Need volume to kick in and break 0.770! Need more vaccine good news booster! QR is coming soon, should be still a bad QR. I believe market not really care, as...
Disclaimer: This is just a sharing purpose and not a buy call. Seem like SCGM already gone through 2 contraction and 3rd contraction is in progress. Volume also getting dryer compare to previous. Strategy: Waiting the 3rd contraction to develop. Only consider to enter if the price able to stand firm back above MA50. Enter point will be during it breakout the...
Disclaimer: This analysis just serve for sharing purpose and not a buy call purpose. As you can see above, solution experienced 4 contraction (C1, C2, C3 and C4). Each contraction is getting smaller and the last contraction is less than 10%. (very important step in VCP) Contraction less than 10% at the final contraction mean the supply in the market is less....
Very nice VCP in the making. Catalyst needed