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VCP

3A VCP Setup3A recent developed a VCP setup. C1: -9% C2: -8% C3: -3% Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through. After the breakout, there is a 8 days natural reaction occur with volume shrinking. 22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07. Let's see next week how it will develop. Disclaimer: Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
MYX:3ALong
by adamkhoosk
KGB Short Base VCP SetupPrevious I feature KGB back in 24 July. After the price surge about 57%, supply occur and it take one month to re-setup a small base VCP to digest out the supply. (indicate in grey pin in the chart) During the re-setup, higher low appear with 3 contraction below: C1: -12% C2: -6% C3: -3% Last contraction C3 appear to have shrink volume. Demand re-enter on 22 Oct breakout C3 stand back above MA20. Will the game continue? Let's monitor next week. Disclamer: Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
MYX:KGBLong
by adamkhoosk
PIE VCP SetupPIE experiencing VCP setup as well similar to it's competitor (VS, SKPRES). Can refer to link below for the other 2 counters' pattern setup. For PIE, obvious higher low formed with below contraction: C1: -32% C2: -12% C3: -6% C4: -11% C5: -8% Awaiting rebound from C5 and breakout to confirm entry point. BTW, SKPRESS seem breakout first yesterday on 15 Sep 2021. Disclaimer: Not a buy call, just sharing on technical analysis based on technical pattern and indicators. Trade at your own risk.
MYX:PIELong
by adamkhoosk