PRCT Biotech Power Play Biotech Power Play (164% increase since Jan low). Consolidated making a nice VCP with a constructive shakeout below the 50 day giving tennis ball action immediately with very nice up volume vs down volume.
Avg Cost: 42.10
Stop: 38.55
Risk: 8.43%
$ Risk: 675 usd--> 8K position size, .55% portfolio weight.
Wanted to buy full "Positioning Size"-->1k risk, but stock moved to fast.
POWERPLAY
BSML - POWER PLAYI have my position early morning on 14th April.
The stock formed a Power Play setup. I used to wait for at least 8 days for the Power play to correct/pause after an explosive move. But, these days it breaks out even earlier.
I also watched this stock prior to its IPO, but I missed its Power play setup on the 24th of January.
YBS POWERPLAY SETUPYBS observed to have strong price and volume action since Nov. Price surge >100% and retracement less than 25% with healthy volume.
Will it continue to attack? Previously i shared OPCOM Powerplay setup manage to gain 40% (can refer to link below)
Disclaimer:
Not a buy call recommendation, just a sharing in technical analysis with chart pattern based on my personal trading experience.
AYLS (POWER PLAY)The stock shows a pivot area coming out of a power-play setup.
The stock has a small correction, its low volume on pullback indicates less supply coming to the market. These are the sign of a strong movement showing that the institutions are holding up and like to see a continuation of the move.
I've determined a tight stop here, and I like to see a breakout soon.
BEBS (POWER PLAY)The stock has monster traits coming from a meteoric 350+% move within 7 weeks, the stock then rests in a light correction. Now that the price is getting tighter on the right side with VCP characteristics (4W 22/6 3T), I like to see some moves here. Also, I've determined a very tight stop.
OPCOM Powerplay SetupSeldom share powerplay setup as it is a rare setup. Powerplay = Strong momentum stock!
30 Sep triggered the entry! Let's see how it develop.
5G theme.
Disclaimer:
Not buy call suggestion. Just sharing on chart pattern through technical indicators for education purpose. Trade at your own risk.
UVCR (POWER PLAY)I set a tight stop as always, stock shows a lot of pivot failures these days.
The stock breaks out yesterday in a good close after its meteoric 500%+ move, stock has VCP characteristics. I have some positions. Therefore, I like to see if the stock can hold up and follow through in days to come. Another scenario I want to see is one more contraction to develop in a very tight fashion, then I will consider adding some position.