VCP Pattern Formation VCP Pattern Formation
✅UPTREND:- Above 200MA
✅Near 52week high
✅Volume Contracting
Another contraction of about 5-8% Expected before the stock again makes new high
(Not a buying or selling recommendations)
LongVcppattern
Long
VCP Breakout Buy in NVONovo Nordisk is emerging from a textbook volatility compression pattern (VCP) - the setup made famous by Mark Minervini. Notice the series of progressively shallower pullbacks from left to right as supply has been absorbed by buyers.
NVO is a market-leading stock by all accounts. Shares are up 75% over the last twelve months with no signs of slowing down. This is largely thanks to its new weight loss drug showing tremendous results in clinical trials.
The company has also experience accelerating earnings growth for the last several quarters - another favorite quality of Minervini's for identifying top performers.
NVO looks buyable here as a swing trade with a stop loss 9-10% below the current price.
Long
Narayana Hrudayala All Time High Breakout after VCP All Time HIGH Breakout
Weekly Consolidation at ATH
Breakout with Volumes
VCP on Daily Chart
Fundamentally Strong
Long
CRISILChart is forming VCP as the chart is being compressed and it is continuously forming Higher Low, once price sustain above the horizontal line it will reach ATH and can even try to make new ATH, just need to give closing above the horizontal line for 2 continuous day
$TTD - ?VCP breakoutNASDAQ:TTD - VCP breakout set up but volume on breakout is lacking.
Could be a potential winner but worth watching closely.
I have an earlier aggressive entry from couple of weeks ago.
Long
$NGL - Good Lookin' Chartski- Very tight right side
- MA confluence
- High RS
- High ADR
- Oil and Gas
Long
$CABA Righty Tighty- Massive move 2,000%+
- Obeyed 20 MA for entire move
- Sitting back on 20 MA
- High ADR
- Tight right side
- Biotech
Long
Long
Dr Reddy Labs VCP PatternVolatility contraction pattern on dr reddy weekly charts,
Ascending triangle breakout
High Buying volumes
7% Tp 1
Long
Long
$XPON Pullback Set-up at the 20D$XPON pullback set-up at the 20D SMA. Very thin volume but nice set-up as it has surfed the 20D for the entire 600%+ move. Strong industry as well.
Long
SMCI nice and tight, riding the 10 SMA SMCI nice and tight, riding the 10 SMA. Just a watch for now, but nice to see under current market circumstances.
Long
Long
$LW eight week base getting tight$LW eight week base after run up on earnings beat. Riding the 20-Day, getting fairly tight with a decent close today considering market conditions.
Long
PERI Tennis Ball Action Post-Earnings Some nice "tennis ball" action (as @MarkMinervini likes to call it) on $PERI post-earnings.
Long
$SCCO nice seconddary base coming to the 20 SMA
Watch list for the Feb. 21 $BTAI $BURL $DOV $DKS $SYK $ESAB $STLD $NUE $BLDR $AEHR $SCCO. Earnings out front of some of these. $RXDX $MCHP $ELF and $MSI shaping up nicely.
Long
Hartalega possible forming a triangle pattern. 18/Feb/23.Hartalega As Topglove And supermx possible forming a triangle BUT a variant as cup and handle or VCP pattern.
Young biotech leader $IMCR with good VCPImmunocore Holdings is a commercial-stage T cell receptor biotechnology company working to develop and commercialize transformative medicines for oncology, infectious diseases and autoimmune and inflammation diseases.
In a confirmed uptrend, yesterday signaled a good pivot buy where I placed an initial position.
I liked the volatility contraction pattern and the bullish divergence with the 10-day ROC prior to the breakout, and now I'll wait for the follow through action to add to the position.
Lets wait and see.
Long
YPF could make a moveYPF could make a move out of decent base. Price and volume contraction coming into the 20-day
Long
ERF pivot right above the 20 day ERF pivot right above the 20 day. Price and volume contraction mving into the pivot area.
ELong
CAH set-up for next week.
Price contraction moving into a tight pivot area. Good volume dry-up into pivot and coming into the 20-day SMA.
Long
HDFC BANK WEEKLYNSE:HDFCBANK
Forming weekly VCP pattern. Price action shows strength. One must include this in watch list
Long
Gold cup have became gold spoon. 27/Dec/22Gold have “evolved” from cup to spoon & handle pattern or “famous” VCP pattern or “triangle pattern”..
