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.
VCP
BPT, good tradeOil & Gas keeps working on this market. Entered yesterday on the pullback. Trimming 50% today with a 14.7 gain.
DHX text book breakoutText book breakout on a low priced name.
Had a stage 2 breakout on past July. Its been consolidating very nicely this year making a perfect vcp base with a constructive shakeout and a handle that just gave an entry.
AVG Cost: 7.14
Stop: 6.40
Position: 8K 1.5% of Portfolio.
Stop % Risk: 10.36%
Money Risk: 800 K--> Almost Full Positioning
Now overall exposure 19.42%
ESAB IPO BaseRecent IPO. "ESAB Corporation Completes Separation From Enovis and Launches as an Independent, Publicly Traded Company"
Breakout from a cheat area an IPO Base with VCP characteristics.
AVG: 50.59
Stop 48.50
Risk: 4.13%
Position Size: 8K
Overall Exposure: 16.80% Still very conservative, summing pilot positions one day at a time while trying to create cushion.
vcp characteristicsbreaking out of the base
exhibiting strong RS while indices are down more than 1.5%, this stock is up 1% and holding the key moving averages
volume dry up in the base
big buying volumes
pilot position - buy stop order at 944
SL 899
Publishing for my own reference.
Not an investment/trading advise.
CHGP Weekly VCP SetupCHGP caught my attention when i study it's weekly chart. The base has been developed for 420 days.
C1: -17% (224 days)
C2: -12%
C3: -4%
The price and volume action is well developed. Let see if it will breakout the huge resistance at 0.960 or not.
Disclaimer:
Not buy call recommendation. My personal interest in technical analysis based on chart pattern and trend. Trade at your own risk.