Typical VCP formation which have 3 contraction below:
The price BO yesterday with volume. Today another spike to 3.70.
Support if set at 3.45, risk is 7%, consider a pretty low risk trade.
News: Apex pharma marketing at Singapore expand the cold room and acquire freezer room for Pharmaceutical, Vaccine and Biologics.
BINTAI is constructing VCP that is similar to Solution VCP that i shared earlier (link below).
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.
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....
Observed GHLSYS to have VCP pattern. Similar to other 3 stocks that i have reviewed previously - Supermx, Rubberex and Carepls. (link below)
Few points below to support buy in:
1) Weekly chart MA30 trendline pointing up (Represent GHL is a up trend stock)
2) Daily chart current price above MA50 and MA50 above MA200.
3) Experience 4 contraction and each of the...
I would like to share my observation in SOLID volume surge recently.
Suspect someone is collecting the ticket with large volume.
After big fund collected enough amount of ticket, ticket available getting lesser (mean supply in the market is lesser), so when demand is high, the share price will rocket up.
If you see the volume comparison back in 2014/2015, the...
I would like to buy call ANCOM because of various technical indicator below:
1) Up trend stock based on daily chart MA50 above MA200. And the price currently also above MA50 trend line.
2) VCP pattern observed as well. The 1st contraction is huge which are around 50% follow by 2nd, 3rd, 4th, 5th and 6th contraction that are getting smaller contraction (<10%)....
My humble analysis as shown below:
1. Observed the RM 0.915 support trend line (green) still valid.
2. 23-28 April correction but didn't break the support. On 28 April candle, observed higher buy force can price closing accurately on the support RM 0.915.
3. 29 April shooting star candle, price still close RM 0.925 which is above RM 0.915.
4. 30 April shooting...
I MISS THIS BOAT, i didn't trade in Supermx. Just would like to capture down another example of Up trend + VCP Pattern for future reference.
Again, Supermx is SIMILAR (VCP) to previous 2 stock that i trade (RUBBEREX and CAREPLS).
1st Contraction: -32%
2nd Contraction: -10%
3rd Contraction: -4%
Lesser contraction mean the supply of stock in the market getting...
Observed Carepls have similar pattern to my previous trade at Rubberex (Up trend + VCP pattern).
Up trend confirmation:
1) Stock price above MA50 trend line.
2) MA50 trend line above MA200 trend line.
1) Observed 3 contraction where the contraction % getting lesser. (1st contraction ~64%, 2nd contraction ~12% and 3rd contraction ~8%)
2) VCP very much related...
Currently I no longer holding any Rubberex. Just intent to record down my trading plan below for future reference.
1) Observed Rubberex is in up trend based on MA50 above MA200 trend line.
2) Observed VCP formed in Rubberex where the contraction of the price getting smaller. (1st contraction ~30%, 2nd contraction ~38% and 3rd contraction ~9%)
3) Bought Rubberex...