$IAA This felt like a good example of VCP in a base. Ideally you want to see this sort of action in a stage 2 continuation for it to be most meaningful. Earnings February 10th will likely be the catalyst on any directional move. Posting mainly as a good example of price tightening. Volume profile not ideal.
long long long disclaimer on trade what you read trade what you see. gonna fly soon. go inside ? yeah i think nice to try. come in. what coin should i read ? any idea? disscus? go ahead..
This is the fourth time I share PANTECH. Can see the link below for my previous sharing. Previous trade in March got ~10% gain. However in September, trade was not successful as the chart further developed C2 correction. Recently got a C3 setup with low risk <5% pivot. Very tempting! Overall VCP in Weekly chart: C1: -27% C2: -13% C3: -4% Let's monitor, today...
I bought positions today The reasons: 1. Low-risk entry 2. Long base, 31-week Cup and handle 3. Near all-time-high back to 2015 4. 7 years long base setup 5. VCP characteristics Flaws: 1. Bad fundamental standpoint 2. Lack of volume on the breakout If you draw a line back to 2015, you will see the line of supply near the all-time high. This is the main reason...
I bought position today The reasons: 1. Low-risk entry 2. Long base VCP setup 3. The stock is in a confirmed stage 2 uptrend 4. Strong earnings.
I secured my positions today Why I bought the stock? 1. Low-risk entry 2. Long VCP setup 3. High relative strength 4. First base of confirmed stage 2 uptrend. The stock broke out today on a huge volume, I like to see if it can hold up and follow through in the upcoming days.
Gold have “evolved” from cup to spoon & handle pattern or “famous” VCP pattern or “triangle pattern”..
SFPTECH form an obvious VCP with below contraction. C1: -27% C2: -13% C3: -11% Foresee there will be another C4 contraction below 10%. Be patient and monitor closely. Disclaimer: Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any...
Nice on the weekly and the daily timeframes. 4 tight weeks and now a nice tight range on the daily coming into next week. $PSN
Suspect if #coal stocks has any energy left in them but here is $AMR with a potential low risk pullback setup. Has that VCP look to it in a large base. It tried to go 3 times already with no traction (red arrows). I traded this back on august 18th for a small win.
I have my position today The reasons I bought the stock: 1. A classic VCP setup 2. Low-risk entry with a single-digit risk 3. The stock is in a confirmed stage 2 uptrend 4. Price action and volume contract from left to right
I like how this is developing however the previous high is making it a bit risky .... adding to the watchlist.
It is probably not tue strongest setup however i am adding it to my watchlist. The good thing is that 200SMA is has turned around and is trending up now, though the VCP itself is a but too deep for my liking. Lets see how it develops.
Massive Volume from the Earnings Gap. 90 Million +. Setting up really well now, right below pivot and knocking on the door. In a boring Insurance industry group.
$PI is my favourite setup right now. Holding a really nice earnings gap on positive earnings. Nice base forming and knocking on the breakout pivot. I don't think we'll be so lucky to get a perfect entry here but certainly one to watch closely.
I have position today The reason I buy: 1. Low-risk entry 2. Very tight pivot area 3. Low cheat tight level 4. VCP characteristics 5. High relative strength. Flaw: 1. A lot of trapped buyers on the left side (40% decline) I will play this moves for a quick trade.
I shared the chart pattern on 6 Sep based on Powerplay setup. This counter continue correction phase till now. The pattern is clearer now. Left - POWERPLAY Right - VCP (C1/C2) C1: -13% C2: -7% Price breakout on 26 Oct 2022. Price currently testing its new support (red horizontal line). Its volume and price setup is good! Disclaimer: Information presented...
PECCA weekly chart got below setup: Left side: Double bottom Right side: Higher low, entering stage 2 This counter entering stage 2 since end July. Currently setting up a higher low. Not yet a solid entry point but is good to start monitoring the movement. I will update again later in below when the time come. Stay tune. This is our routine as a Trader!...