I got my pilot position on 2 Sep 2022. The stock broke out of a classic VCP setup, it also has strong fundamentals.
Optimax. Possible forming a VCP aka cup and handle pattern.
I initiated a pilot position on 12/9/22 from a pullback to the 3rd contraction of VCP. I expect it to tighten up more for the last contractions (4T), but it doesn't happen.
PBBank. Look like we have A VCP chart pattern. A chart pattern “refined” by famous Mark Minervini ( US 1997, 2021 investing championship winner) which got inspired by William J. O’Neil defined “Cup and handle” pattern..p/s or anything “chart pattern” you have “discovered/defined “? Making it “famous”?...Also the “cup & handle / VCP” pattern “closed” to 1 of...
$GFS did the right thing on Friday and needs to weaken a bit here to correct that wedging price action. Still top dog on my list. Just wanting for the right price action/moment.
I secured my positions today. The stock is finally set up for a classic VCP. It keeps getting tighter around that line of supply until it breaks out today.
I covered TM for VIP members back in 13 Aug when i see the stocks entering from stage 4 to stage 2. (Screenshot) There is a cheat buy area on 15 Aug as the volume start flowing in. Price solid breakout on 16 Aug. Price experience correction before QR release. After good QR released, market got good respond and price went back up. Currently price under natural...
I shared GAMUDA VCP setup earlier on 15 July. Can check the link below. Today i want to share the weekly chart setup for GAMUDA. Chart forming back stage 2 starting March 2022. Blue line pointing up. 18 July weekly price breakout the primarily trendline. After breakout resistance, it will re-test the resistance as it support. (15 Aug that week) After...
PTRANS i first traded during 27 Jun when the price breakout from VCP with contraction below: C1: -9% C2: -7% C3: -3% On 15 Jul, huge candle price range with volume trigger me to execute sell out. Got >12% reward through this trade. I still keep monitoring the price/volume interaction after sell out. Recent volume development is good. 25,26,29 Aug indicate 3...
I got my position on 23rd June 2022. I bought back the stock after it gets tighter on the right side coming from a classic VCP setup, a long base setup.
Notes: * Very strong up trend on all time frames * Great earnings in the recent quarters and in general * Creating a base on base pattern for the past ~8 months * Price is mostly keeping above its 50 day line since mid April with a few dips below * Volatility is contracting with signs of accumulation Technicals: Sector: Consumer Defensive - Discount...
We've been bearish all last week on WTI, taken shorts on any valid bearish signals and lower highs that were completed. We expect WTI to head down to the low 80$ mark for the time being. Technically there is a big bearish breakout pattern on the 1D chart, where a valid breakout occurred followed by a retest, see attached idea. We continue to remain bearish...
Observed FIAMMA doing a VCP setup with below contraction: C1: ~ -26% C2: ~ -5% C3: ~ -4% (tight area) C3 contraction recently is tight area - considered as low risk entry zone. 5, 9, 12 Aug volume looks decent. Let's see if it will continue rally before QR or not. Need to take note on QR this month. Strategy will be FIFO before QR. Disclaimer: Not a buy call...
Series of volatility contractions. Looks constructive. The Dow Jones Heavy Construction industry just made a multi-year and multi-decade new high. Quanta Services is a leader in this industry. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
I've got my position today on ascending bases with VCP characteristics. This is a low-risk entry. The stock broke out but then closing the day squatted.
Breaking out from a 3 month base. Buy the breakout now with a pilot position or wait for a minor technical pullback. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
GAMUDA forming VCP with 2 contraction below: C1: -11% C2: -3% Recent price and volume action looks good. Waiting breakout C2. Disclaimer: Not buy call recommendation, sharing on technical analysis through chart pattern and trend. Trade at your own risk.