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VCP

VCP set up1. After 9 months down trend starts from Nov 2020, Kotra are setting up a nice classic VCP since Sept 2021. 2. Today making a nice breakout from VCP set up. Hope price can sustain above 3.18 and challenge 3.44. 3. Price volume from left indicated that no major resistant ahead. Easier to move north. 4. Resistant at 3.44. If successfully break, possible challenge ATH 4.50. Cautious 1. Sustain above 3.18 will be nice. 3.07 can be 1st cut loss depends on personal risk profile. Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.
K
by Tsunami_Wave_rider
$SEAS / Long$SEAS has been on the watch list for a while now and could be ready to move. Scan Criteria Does this stock meet my custom 12 point scan criteria? Yes Structural Checklist 1. Can a proven price patterns be identified? Yes, VCP 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes, and trending up 5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes 6. Is the price consolidation longer > 20 days? Yes, 53 bars, so over 10 weeks 7. Has price volatility contracted from left to right? Yes 8. Has volume volatility contracted from left to right? Yes 9. Are there visible signs of demand within the base? Yes, although the there is more subtle accumulation vs obvious demand 10. Are there visible signs supply has been absorbed? Yes Pivot Buy Point (Last 3-5 Bars) 1. Is there a visible Tight Zone? Not in the last 3-5 bars, but prior to the recent market volatility there price was tight 2. Have there been 3 Tight Closes? No 3. Has there been a Constructive 3 Bar Correction? No (2 bars) 4. Is there a Bullish Inside Bar? Yes AND 1. Has volume dropped dramatically? no, but below average 2. Can risk be managed under 8% in one of 3 ways? Yes Scan Score (Minimum 12/12) All Trading Dirty stocks have a Scan Score of 12 Structural Score (Minimum 10/10) 10 Entry Score (Minimum 1/4 then 2/2) 3.5
SLong
by TradingDirty