PETRONM VCP SETUPEnergy sector looking good as the Brent and Crude Oil price continue to going up.
In term of individual chart, PETRONM seem to have VCP SETUP that already developed C1, C2 and C3 for 71 days.
Looking good as low risk entry point spotted. <6% Risk.
Also match with Elliot Wave Theory - Wave 3!!!
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
VCP
WKHS WORKHORSE
" Even if WKHS does not win the USPS contract, the company will still survive. This past January, WKHS executives revealed the company received an order for more than 6,000 electric delivery vans. The order is larger than the company’s expected orders for the entirety of the year ahead. The order was placed by Pride Group Enterprises, an auto wholesaler that operates in North America. WKHS employees are hard at work manufacturing the 6,000+ C-Series electric package-delivery vans. The only caveat to the deal is about 2,000 of the vehicles would be delivered in ’21 while the remainder is delivered through ’26...In short, it is clear that there will be significant and ongoing demand for WKHS “last mile” electric vehicles. Though these vehicles top out at 75 miles per hour, they will not spend the majority of their miles on highways. Rather, these electric vans will transport packages and other items from distribution centers to residences and businesses, most of which are located in the suburbs and cities." Patrick Ryan
POOR earnings last few quarters... Will the story outweigh the last few quarters.
YOY earnings +21.95%
Asset growth +329.53%
Institutions 249 32%
VCP 25W 60/19 3T (VOLITILITY CONTRACTION PATTERN
Pulling back on low volume (good sign)
21 DAY 32.68 50 DAY 29 CUT 10 DAY PB LOW VOL
ATLAS VCP SETUP (TURKISH)I received a private message enquiry whether ATLAS is doing volatility contraction pattern setup or not.
The answer is YES. This setup has developed since Aug 2020 for 192 days with contraction below.
C1: ~37%
C2: ~28%
C3: ~20%
C4: ~10%
C5: ~8%
Final contraction C5 is good! And the entire volume development also looking great.
Need to see if the price can breakout with volume at ~2.03.
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
MFLOUR VCP DEVELOPMENTMFLOUR coming to the last contraction of VCP development after 160 days.
C1: ~25%
C2: ~12%
C3: ~14%
C4: ~9%
C5: ~4%
As you can see the volume spike during price spike and volume reduce when price retrace.
Awaiting volume again to attack. And with current supply is so dry, easily will spike up high.
Immediate support: 0.650 (6% risk)
Disclaimer: Sharing chart pattern purpose, not a buy call post. Trade at own risk.
I-STONE VCPI-STONE VCP Development
Similar to QES, the last contraction is >10%. Seem like not a very ideal contraction. But looking at QES movement, this might the nature of penny stock movement since the % more volatile for penny. (can refer back my QES article)
C1: ~41%
C2: ~25%
C3: ~12%
VCP Breakout today after 176 days with huge volume. I believe it will continue a brand new trend up.
Disclaimer:
Above content provided is my personal experience sharing through technical analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision.
THETA SHORT BASE VCP33 days short base VCP development with below contraction.
C1: ~21%
C2: -15%
C3: ~8%
Today gap up + hammer candle with closing price breakout the C3 contraction. Volume look promising as well.
Consider low risk entry point ~7% with 0.840 immediate support.
Note: THETA seem related to telecommunication sector. Something brewing? 5G?....
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
JAKS VCP SETUPJAKS 69 days VCP Setup looks good. The contraction and the volume development are healthy.
C1: ~16%
C2: ~8%
C3: ~6%
C4: ~4%
Waiting a clear breakout with volume.
QR will be releasing soon. Careful on QR Boom...
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
SYSCORP VCP IN PROGRESSSYSCORP is developing the VCP.
Still in C3 contraction mode.
C1: ~35%
C2: ~20%
C3: ~11%
Not a buy point yet. I believe there will be another C4 contraction that less than 10%.
Let's see if my prediction correct or not.
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
GCAP VCP DEVELOPMENTGCAP VCP developed for 63 days with 4 contraction below:
C1: ~41%
C2: ~20%
C3: ~14%
C4: ~4%
Volume seem to be very dry since mid of December. Will it attack soon?
Immediate support at 0.840 with only 5% risk.
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
EG VCP BREAKOUTEG breakout the 4 months VCP. After the breakout, market sentiment is bad due to rumors of full lockdown and etc.
For the entire VCP, there are 5 contraction with contraction below:
C1: ~46%
C2: ~33%
C3: ~18%
C4: ~16%
C5: ~7%
Very good entry point on 12 Jan 2021 when it break the C5 contraction. Now the price still not too far from the breakout point. For me still a low risk entry point with ~5-6% risk. Great volume and price interaction as well. Next heavy resistance will be ~0.985 region.
p/s: Also an obvious cup and handle!
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
HEXTAR VCP!!!For the past one month, HEXTAR has developed volatility contraction pattern that has 3 contraction with healthy volume and price interaction.
C1: ~20%
C2: ~15%
C3: ~5%
Not yet a buy point. Can monitor this week if these C3 contraction valid support or not.
Disclaimer:
The content is my personal experience sharing through technical analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
GMOriginally took this trade on 11/11/ 2020. GM!! really didn't make sense but it was setting up; formed a VCP.. earnings increasing; good sector but I got impatient after sideways movement. Then, Mark Minervini metioned entering in his Twitter feed; I took a look and re-entered. A much better entry.
BURSA VCP DEVELOPMENT COMPLETED??Last month i do share an article about Bursa volatility contraction pattern development. Not a successful break last month and continue to develop.
Seem like attempt to break again today.
C1: ~28%
C2: ~10%
C3: ~3%
Immediate support: 8 (7% risk)
Disclaimer: Buy at your own risk, article just for technical pattern sharing purpose.
PENTA VCP DevelopmentPenta is developing volatility contraction pattern for almost 3 months with contraction % below:
C1: ~18%
C2: ~8%
C3: ~5%
C4: ~4%
Breakout happened yesterday with strong volume.
Immediate support at RM4.90 with ~6% risk.
Disclaimer:
For technical analysis sharing purpose. Please seek advice from your financial planner if you would like to get any stock recommendation.
SAMCHEM VCP DEVELOPMENTSAMCHEM volatility contraction pattern setup almost complete.
C1: ~47%
C2: ~17%
C3: ~16%
C4: ~8%
Buy at break 1.20 and Support at 1.12. Around 8% risk!
When Demand > Supply it will fly to sky.
Disclaimer: Just sharing purpose on technical analysis. Buy at your own risk. Consult your personal financial planner for investment.
BURSA VCP DEVELOPMENTBursa Malaysia is developing volatility contraction pattern at contraction less than 5%.
Entire pattern has developed for 138 days.
C1: ~29%
C2: ~8%
C3: ~4%
7th Dec 2020 huge candle with large volume is a good support. and it is forming a pivot point now.
With the current entry price, the next support will be at 8.18 which risk only at ~5.75%.
Disclaimer:
This post is just a sharing on chart pattern. If you would like to invest, kindly seek advise from certified financial advisor.
potential breakout in UBER NYSE:UBER Below average volume with the 50 day MA within range while it continues to develop under 54.19 high. Ideally, I want to see another small contraction or a few days of consolidation for a breakout through 54.19 high. Note: It is not outperforming the SPY as shown in the CRS but that is typical of a name that is developing a healthy base before a breakout unless the broad market is dropping and the ticker is holding up with strength.