VCP
PSN - Cup and Handle? VCP? Visually appealing Cup and Handle? VCP?
Looks visually appealing.
Sometimes the best setups I'm not able to assign words to it. Just a visually appealing pattern.
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
$AZPN Long ATH - Trade Idea$AZPN is showing great strength and is a rare leader in Tech. A breakout above $194 Pivot looks positive. Nice Consolidation and strong action in the name. Ideally I would like consolidation right below the Pivot before entry.
SOVO - recent IPO with possible VCPI am sharing my analysis of SOVO which is showing signs of strength in the current market. Possible VCP setup forming.
Cup and handleVCP characteristics
Strong RS, Relative strength line new highs.
Trading above key moving averages
Pivot of 304 bought at 302.5. Broke out pivot with good volumes.
Stop at days low
Testing with position size 10% as smallcap index has broke out of its consolidation and above 21 EMA.
Not an investment/trading advise. Publishing for my own reference.
24-25K INCOMING. BTC overdue for a rally.VCP pattern.
Target is between confluence of MOVING AVGs/EMAs that is dynamic resistance and horizontal resistance at 25k.
Late Shorts are about to get rekt.
Invalidation point and target zone clearly mentioned.
NOTE THIS IS A BEAR MARKET RALLY i am anticipating and nothing more.
Not a financial advice.
DYOR.
VCP characteristics, Base on Base structureExhibiting good relative strength.
Tight contraction on the right hand side and volume dry up in the last couple of days.
Volume surge in shorter time frame.
Surged through pivot at 741.
Broader market is weak, therefore sizing 10% of portfolio.
Bought at 735, will close if breaches day low.
Publishing for my own reference. Not an investment/trading advise.
Merck VCP BreakoutNice VCP with up volume clean breakout good %risk for positioning. Didn't buy as market is terrible and don't like defensive names as they are just names in which institutions are hiding. Its a bear market and I just want to keep my eye sharp on the patterns I like to buy from and be ready for when we have more favorable conditions. Let's see if it holds the stop.