Get started

VCP

MYEG VCP (Huge Base)Happy New Year everyone. Just got back from year end vacation. Have been following MYEG since Nov 2021 (link below), pull back after attempt breakout. (50% of the time pull back will happened in stock market), our job is to monitor if the pull back is a healthy or unhealthy pull back. Seem like this round is natural reaction where pull back <10% range. Price stand firm back up MA50. Entire VCP form 4 contraction below: C1: -31% C2: -10% C3: -9% C4: -4% Awaiting strong demand come in and breakout again! Disclaimer: Not a buy call recommendation, technical analysis sharing based on chart pattern analysis. Trade at your own risk.
MYX:MYEGLong
by adamkhoosk
DLTR - Dollar Tree, Inc.Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings. Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be ready to attempt another leg higher, but since this name does not have the strong earnings numbers I usually look for, I will be aggressive with profit taking.
NASDAQ:DLTRLong
by apaqu
$F / Long through a VCPScan Criteria Does this stock meet my 8 point scan criteria? Yes Structural Checklist 1. Can a proven price patterns be identified? Yes, a 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 5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes 6. Is the price consolidation longer > 20 days? Yes 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 10. Are there visible signs supply has been absorbed? Yes Pivot Buy Point (Last 3 Bars) 1. Is there a visible Tight Zone? Yes 2. Have there been 3 Tight Closes? Yes (2) 3. Has there been a Constructive 3 Bar Correction? No 4. Is there a Bullish Inside Bar? No AND 1. Has volume dropped dramatically? Yes 2. Can risk be managed under 8% in one of 3 ways? Yes Other Notes 1. Note made of the the distribution day on December 16th, Supply still present above 20.50. Scan Score (Minimum 8/8) All Trading Dirty stocks have a Scan Score of 8 Structural Score (Minimum 7/10) 10 Entry Score (Minimum 1/4 then 2/2) 4
NYSE:FLong
by TradingDirty
Water supply ETF $CGW may explote to the upsideIs in a confirmed uptrend and now after a volatility contraction pattern (VCP), AMEX:CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio. NASDAQ:PIO , another water supply ETF is behaving very similarly but, I prefer AMEX:CGW because it has had better historical returns. But still, could be a good trade. Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are NYSE:DHR and NYSE:AWK .
AMEX:CGWLong
by dpuleo19
1
ES - Volatility Contraction PatternExpanding on the Volatility Contraction Pattern trade into XMAS. 1. Strong Underlying Demand Elevated Relative Volume compared to prior days’ average A premarket gap or explosive move off the open The potential for a breakout on higher time frames Underlying significant support (20D-50D moving average) Inability to breakdown 2.Recent Overbought / Supply Pressure Higher lows Extreme price contraction on low volume 3.Diminishing Suppy Characteristics Begin to see the wave tightening Consolidation into 20D,50D Moving Average 4.Decreasing Volatility 5. Explosive Breakout (TBD) !!!Not Trading Advice. Just a Bag Holder!!!
CME_MINI:ES1!Long
by SPYvsGME
CIMB VCP SETUP AGAINPreviously i shared CIMB VCP setup on Aug (link below). After the breakout at Aug, price rally up to 18% till 20 Oct. Then the price went for natural reaction with below contraction: C1: -8% C2: -4% C3: -3% This region is tight and consider a low risk entry zone with overall risk around 6%. Let's see if huge demand will come in and breakout strong or not. Disclaimer: Not a buy call recommendation, just technical analysis sharing based on chart pattern and technical indicator. Trade at your own risk.
MYX:CIMBLong
by adamkhoosk
(US) CUBESMART VCPCUBESMART experience 2 fake breakout that follow with a contraction. Sky rocket volume then came in 17 Nov and experience another contraction. C1: -13% C2: -6% (after fake breakout) C3: -4% (after fake breakout again) Price recover at pivot area. Awaiting another breakout attempt! Will this round successful? Let's monitor. Disclaimer: Not a buy call recommendation, sharing based on my personal experience in technical analysis and chart pattern. Trade at your own risk.
NYSE:CUBELong
by adamkhoosk