Tight price action near resistance.What's the $PLAN? TA,
- Breakout attempted on 2/10 but failed.
- Tight price action near 63.6 level with decreasing volatility
- Earnings catalyst and the price is consolidating till the short term moving averages catch up. Seen this with a lot of growth stocks recently. So, I gave it a name : CAT20e
FA,
- Baillie Gifford 1.3%/Druckenmiller added
-Increasing margins and sales growth
-Increased guidance
-Increased enterprise spend as economy recovers
Concerns,
- Lawsuits
- Negative earnings
High risk, Swing trade only.
Buy: Above short term pivot 66.1 on increasing volume
Stop loss: $60 invalidates thesis if it crosses the wedge downwards
Max risk: 9.2%
VCP
VCP for a break out buyNASDAQ:FRG
Volatility contraction pattern along with solid fundamentals. 2052% change in revenue last quarter with a 3 years sale growth rate of 44%. I will keep this on watch for more consolidation while the market gives the green flag to come out from being cash.
GMDC - RevisedCMP 44.2
The last time I drew my lines, I had disregarded the low on 1st June of 34.2 due to which my stop loss was hit.
The revised base line in the Ascending Triangle shows that the support was was actually not breached. However, Stop loss is our best friend at nervous points. Falling is alright but to be a winner one should accept the mistake and move on with a learning.
MACD is positive at the moment with a bullish crossover.
Now , we can also see that a Golden Cross looks very likely in the coming days which would only add on to its momentum.
Fundamentally also the stock is strong.
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KOTAK MAHINDRA BANKAfter 5 unsuccessful attempts, finally a breakout suggests the stock is ready for a fresh rally.
The last days candle did a retest and also closed well above which indicates strength.
Enter on any dips if available.
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SUVEN LIFE SCIENCES - AttractiveA VCP on display.
A breakout with volume and re-test done at the resistance turned support.
All the ingredients for a good rally unless something really unfortunate happens.
28% available here with very low risk.
RSI poised for a good momentum.
APEX FROZEN FOODS - Wait for breakoutCMP 266
A 3 VCP has been formed and is trading at the resistance.
It is also within the 'Ascending Triangle' .
A GoldenCross is also being awaited soon.
On the upside the potential of gains is good at 19.5% and 28% above the resistance of 330.
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I believe in keeping the chart simple with minimal drawings & easy to interpret.
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INVERSE HnS + BREAKOUTMYX:KGB
FIFT +VE
ATOM GREEN
STOCHASTIC CROSS UP
TURTLE EMA UP TREND
VOLATILITY CONTRACTION PATTERN
BREAKOUT TREND LINE
EP: 1.17
SL: 1.06 BELOW
TP: LIMIT UP IS THE LIMIT
RECENTLY MALAYSIA MARKET ARE WAY TOO CRAZY
USE FIBONACCI TO ESTIMATE TP
ANYONE INTERESTED ON TURTLE TRADING SYSTEM PLEASE REFER MY MENTOR @KGIAP123
AXNX 52wh Breakout Fresh!Saw my alert come up and watched it break first 5m. Bought at the pullback on the BO level with a 1DATR stop. Tighted stops to BE after the huge volume came in pushing it to ATH.
VCP !!!hi everyone... last vcp predict is opensys.. hope u guy earning ... i already take money and run lo... this counter i just in 0.765 tuesday 23/6... i felt this is another vcp stock ...
BIOCON - BREAKOUT CANDIDATEStock has been trading in a narrow range from past 16 trading session.
This is probability play on the upside breakout because of good risk reward ratio.
Close below the 378 levels , would negate the said probability.
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
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.
VCP Analysis for HEXZAMA50 and MA200 are above and moving up
VCP are getting more narrower upto 5% on today examination.
Price should be increase soon.
Disclaimer: This published idea are solely for my own reference and learning purposes only. Please trade at your own risk.
VCP Analysis for LKL BhdTrading pattern seem identical in last past month.
Price will be revised down in few days. Then, will be follow with 2 VCP adjustment in period of 2 weeks,
Then, the price will increased again.
Disclaimer: This published idea is for my own reference and learning purposes only. Trade at your own risk
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. :)
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. :)
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.
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.
