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VCP

VCP Analysis for ADVENTAMA50 and MA200 are moving up and MA50 is above MA200. Typical type VCP Pattern share. from technical analysis, it is recommended to buy but however from fundamental analysis, director have no integrity in 2017 during selling process aspion group to top glove bhd. Although it have been settled nicely in the end, but it leave a bad image for value investor. During before selling aspion group in 2017, i saw their annual report the non-related party transaction got stated director using company money to trading buy gloves from aspion group. It makes company profit very low in most of the year. Disclaimer: This analysis is solely for my own reference and learning purposes. Trade at your own risk
MYX:ADVENTALong
by bakbak88
1
VCP Shape for Sinotopthis is my 1st time share my analysis for VCP analysis. MA 50 is above MA200 and both are moving average up. and trading Volume getting decrease, and price are going up. Both relationship are getting more divergence. will continue look forward price to be further increase soon. Disclaimer: this publishing idea are soley for learning lesson in technical indicator in stock market. Don't have any recommendation for buying and selling. Trade at your own risk.
SLong
by bakbak88
GHLSYS VCP PATTERN + UP TRENDObserved GHLSYS to have VCP pattern. Similar to other 3 stocks that i have reviewed previously - Supermx, Rubberex and Carepls. (link below) Few points below to support buy in: 1) Weekly chart MA30 trendline pointing up (Represent GHL is a up trend stock) 2) Daily chart current price above MA50 and MA50 above MA200. 3) Experience 4 contraction and each of the contraction getting smaller. (C1: -41%, C2: -7.1%, C3: -8.5% and C4: -6.1%) ---- Volume transaction also observed become lower. With current Covid 19 situation, most people are shopping online. Online transaction will be huge for this few months. This will benefit GHL since he is the lead in cashless industry. My strategy: Enter RM2.00/2.01, support set at RM1.96 (or support set at max 7% lost) I believe market is waiting GHL to break 2.10 resistance. Once 2.10 break, it might continue rocket up. (Reminder: QR is coming soon...) Disclaimer: Trading view just a platform for me to record down my analysis. Buy at your own risk. :)
GLong
by adamkhoosk
3
ANCOM Up Trend Stock + VCP PatternI would like to buy call ANCOM because of various technical indicator below: 1) Up trend stock based on daily chart MA50 above MA200. And the price currently also above MA50 trend line. 2) VCP pattern observed as well. The 1st contraction is huge which are around 50% follow by 2nd, 3rd, 4th, 5th and 6th contraction that are getting smaller contraction (<10%). 3) BREAKOUT SOON at 0.750. When contraction is getting smaller, it mean people tends to hold the ticket more. Follow back my previous review in Carepls, Supermx and Rubberex, you see how the price go once the breakout in VCP. (so delicious) My Strategy: Enter at 0.730 or 0.740. Support at 0.680. (~ 7% RISK only) but the return might be 15-20%. Let's see how the price go this week and I will provide an update next week. Just my humble analysis, kindly buy at your own risk. :)
ALong
by adamkhoosk
3
CAREPLS Up Trend Stock + VCP PatternObserved Carepls have similar pattern to my previous trade at Rubberex (Up trend + VCP pattern). Up trend confirmation: 1) Stock price above MA50 trend line. 2) MA50 trend line above MA200 trend line. VCP 1) Observed 3 contraction where the contraction % getting lesser. (1st contraction ~64%, 2nd contraction ~12% and 3rd contraction ~8%) 2) VCP very much related to supply/demand. 3) Each contraction getting lower mean people more willing to hold their ticket rather to sell it. (Volume shown getting lower as well) I enter Carepls on 22 April 2020 when the price break 0.350. I predict it will break the neckline on RM0.405. And the movement of the price proof that my analysis is correct. I still holding Carepls as the momentum still there.
MYX:CAREPLSEducation
by adamkhoosk
14
Rubberex Up Trend Stock + VCP TradeCurrently I no longer holding any Rubberex. Just intent to record down my trading plan below for future reference. 1) Observed Rubberex is in up trend based on MA50 above MA200 trend line. 2) Observed VCP formed in Rubberex where the contraction of the price getting smaller. (1st contraction ~30%, 2nd contraction ~38% and 3rd contraction ~9%) 3) Bought Rubberex on 15 April at RM0.840 when the stock attempt to break neckline with strong volume in the morning. 4) Sold half quantity at RM0.965 on 16 April when the stock price rocket up. 5) Follow by remaining quantity at RM1.07 at the same day (16 April) to lock down profit. Blessed to have 21% in 1 day trade.
REducation
by adamkhoosk
4
VMART - SET FOR A BIG UPMOVECmp 2759 Long suggested above 2820 Stop 2570 Target Open Rationale: Weekly : 1) Passes Mark Minnvervini's trend template 2) Price closes above quarterly pivot zone. 3) Pivot based EMA Oscillator (PEMA OSC) color change indicates a possiblity of next leg of upmove. Daily: 1) Next period (monthly pivot) Pivot zone for daily charts is very narrow, suggesting a price in a possible contraction phase, signalling possibility of a big move in the day's to come. 2) Price closes above the current pivot zone and next period's pivot zone.. 3) MORE IMPORTANTLY, VCP PATTERN OBSERVED. 40/23/10 - 3T pattern, meaning 40% correction / 23% correction and 10% correction in 3 stages with higher high formation.
NSE:VMARTLong
by scorpiomanoj
MAHINDCIE - A PROSPECTIVE STOCK TO GO LONGCMP 287 Long suggested at CMP Stop 270 Target Open Technical logic: 1) Monthly Chart has a #VCP pattern breakout (Current month not complete. Breakout happened on the first day of the month, ie, today). Today's volumes are greater than the entire previous month's volume suggesting that smart money has flown into the stock. 2) Weekly chart has a Cup and Cheat pattern breakout. Fundamental logic: 1) Exponential growth in key quarterly parameters (YoY growth): - Last 4 quarters: Sales 17.01% 25.52% 31.88% 44.59% NP 44.91% 33.91% 131.79% 148.44% 2) Company's financial year end is Dec. So current financial year's two quarters EPS sums up to 2.19 which is more than the previous years (ending dec 2017) eps of 1.84 by 20%. Assuming the same rate going forward annual eps growth of 40% expected by Dec 2018. 3) Promoter holding 70%. 4) D/E 0.3
MLong
by scorpiomanoj
ALICON - VCP PROGRESSCMP 621 Long suggested ONLY ABOVE 650. Stop 590 Target Open Technical logic: 1) Stock has been in a strong uptrend with stock above key MAs. 2) Stock has been consolidating from 52 week highs and during consolidation process has dropped 28% in the first swing, 22% in the second swing and 11% in the third swing indicating a VCP in progress along with volume contraction. Fundamental logic: 1) Key profitability parameters witnessed steady annual growth in the last 4 quarters. Sales / Operating Profit / Net Profit (Quarterly Y-o-Y growth). Sep-17 Dec-17 Mar-18 Jun-18 26.21% 48.16% 43.23% 50.37% 7.94% 40.95% 48.21% 56.00% 39.91% 99.61% 68.02% 101.31% 2) Promoter holding 65%. Note: Debt/Equity 1.4, Mkt cap 850 cr; FF 250 cr.
NSE:ALICONLong
by scorpiomanoj