$TECK 8 Months Base on Base$TECK 8 month base on base could work right out of the gate in 2022.
Wished volume pattern is a bit more convincing with stock sitting right below $29 supply line.
VCP
Why is it better to wait for move up out of VCP!!! <= IMPORTANT!it might be tempting to buy within VCP ... but is it still so when you look at what happened to VGR?
Once you have been caught in a move like that ... you learn very fast :)
ALWAYS apply risk management where size of your position is in line with your risk apetite!
Happy trading!
CXW - cheat entry according to M. Minervini rulesHave a look at the chart .. you clearly see the contraction in volatility for the last couple of days. A cheat entry according to Mark. I also like the volume below average and 50SMA going upwards!
GDEN long from VCPclearly visible VCP holding just above 50SMA. Price holding in very tight range. Break of top of the range will be a entry trigger.
VCP formingthe left hand side looks a bit choppy but you can see a nice price contraction together with volume lower than average. In good market conditions - this would be a good candidate for long entry provided it would clear the 17.40 level.
$CHRW Weekly VCP BreakoutCHRW nice VCP Pattern breakout of 100 zone resistance.
Call buyer whale MAY 105 and 110 strike , about $1.8M in premium.
Bullish confluence in indicators, EMAs opening and trending up.
Price Targets $113 and $119 - .5 and .618 FIB levels
BMRI - CUP WITH HANDLEA classic Cup-with-handle with VCP characteristic on its handle, very exciting. I got my starting position today, and I am watching this stock closely now. I like to see a breakout with institutional sponsorship/huge volume soon.
The market is currently quite volatile, I'm using a mathematical stop to protect my equity. As my last couple of trades doesn't work so well, I'm trading my smallest with the lowest possible risk possible now.
GOOD - FLAT BASEFlat base with VCP characteristics, I like the shakeout and the formation of the majority of the supply line. It is very constructive.
I'm watching the stock very closely!
SCOMNET DOUBLE BOTTOM PATTERNBeside the VCP low cheat pattern i shared earlier (link below), SCOMNET also match another pattern called DOUBLE BOTTOM.
A: Beginning of the base
B: Bottom of the first leg
C: Middle of the W (important area)
D: Bottom of second leg
E: Top of handle (important area)
F: Bottom of handle
Price/Volume action looking real good! Not sure if a rally will come soon or not. Let's see!
$STX / Long$STX showing VCP characteristics and tightness to the right of the base. Some OHS to contend with so on the WL for now.
$HBP / Long$HBP showing VCP characteristics. Isn't as tight as I'd like but it's printed a new 10 Week RS high before price and there's demand in the base.
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 .
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!!!
RANC (VCP - 10W 18/3 3T)Super tight pivot buy point! I need to see a breakout very soon, it's very tight.
I am watching this closely and carefully now.
P.S. The market hits all-time-high a few days ago, but fewer stocks setting up. This is a sign of weaknesses.
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.
SCOMNET VCP (Low Cheat)Recently market is bad and not much stocks showing setup.
SCOMNET is one of the least that showing a nice setup. 7% tight area for 10 weeks. Overall price and volume actions are nice!
Waiting strong demand and breakout.
MYEG still setting up as well. Kindly refer to MYEG link for my pervious sharing.
Disclaimer:
Not a buy call recommendation, just technical analysis sharing based on chart pattern and technical indicator. Trade at your own risk.
MPMX (CUP WITH HANDLE)The stock setting up a pivot buy area on its handle, the stock has quite a long base which is very good to me. Also, I have determined a staggered stop based on mathematical sense.
Well, I like to see some action here to trigger my breakout level.
(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.
SRTG (CHEAT AREA)Setting up constructive in price and earnings, stock has the potential to be bold.
I am watching at this very closely.
RANC (VCP - 4W 18/4 3T)Developing a VCP setup coming from a powerful move, RANC is getting tighter on the right side. I like to see some breakout on huge volume very soon.
This stock could also be categorized as a power play, it has all the traits.
ISSP (VCP - 40W 42/5 5T)After getting stopped out twice on this stock, I see that ISSP develops a classic VCP setup accompanied by long bases and sound fundamental indicators. Moreover, I like how the RS line and volume perform so far. This is a potential market leader, I am watching the stock very closely now.
MYEG VCP BREAKOUTMYEG developed 280 days VCP with below contraction:
C1: -30%
C2: -10%
C3: -8%
Price currently breakout with volume. Looks good. GST coming back?
Disclaimer:
Not buy call recommendation, just sharing on the chart pattern through technical analysis . Trade at your own risk.
HAKA - USDTHAKA - USDT,
a Small new crypto, the project looks promising. The Volumes are very high compared to the market cap
- Great Volume
- Figure RDM , VCP
- A first consolidation
- Sector of the Defi, compared to other Defi project it is completely undervalued
