VCP
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.
HURN Pilot BuyConsidering that the market is still very oversold and the rally attempts have been very weak, my conviction is still low on the long side. That's why im only gonna play very small positions to take a few toes on the water and stay engaged.
HEXA (VCP - 21W 30/3 4T)Break out today with huge volume, the stock then closed quite good.
I got some position, incremental buys from 8th Feb. I like to see if it can act well in the upcoming days.
LINK (VCP - 50W 21/5 4T)This is a textbook VCP setup.
The stock has a very tight right side area after a year of development. It also has a high RS Line and a huge volume on the breakout.
INDY (VCP - 13W 33/5 4T)I've secured my positions in this quintessential VCP setup.
The stock is a potential superperformer, it has all the characteristics. It has a low-risk entry, powerful earnings, high RS Line.
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.
FLNG Liquid Natural Gas Power Play with nice VCP setupLiquid Natural Gas Powerplay with nice VCP setup.
Avg Cost: 28.84
Position Size: 5.5K 1.05% "Half Positioning" (500 USDs risk)
Stop: 26.15
Risk: 9.32%
AMPH, another pilot buyBuy point: 35.20
Stop: 33.25
Risk:5.5%
Avg Cost: 35.8
I was late to the trade so couldn't fill up my full defensive position. (111.25 Shares, 283.7 USD Risk)
Im now 8% invested on 6 pilot positions.
PFEBought a small quarter position as its acting very well from a test to the 50 day inside a VCP pattern.
Position 8K, another 1.5% increase in exposure, now 21% overall invested.
Avg Cost: 53.35
Stop: 50
Risk: 6.28% (500 USDs-->quarter of "aggressive").
Market is correcting but my portfolio is on the green and my pilot stocks are holding ok. The 55 area is a key area of resistance.
NOC showing very nice VCP characteristics, tight stopEntry with a super tight stop close to the danger point of making an outside day. A tight stop and the liquidity of this stock gives the opportunity to go bigger on size.
Avg Cost: 461.06
Bought: 18K
Risk: 150 USDs
Risk: .92%
LRN, a Nice VCP Breakout that its not from the energy sectorNice VCP pattern on an industry that is not Oil & Gas. Bought a small pilot position(6.8K,1.3%,500 USD Risk, my full defensive position to nibble in a tough market) to see if I can get traction on the terrible market which shows narrow leadership outside Energy. Looking for the opportunity of a bear market rally from here. Maybe 10-15% from the lows. My view is that macro is deteriorating fast so high odds we make lower lows for a third bear market leg, mean while ill just keep moving where the price and volume action looks enticing in a very defensive way.
Overall exposure after this buy: 7%
Buy point: 38.60
Stop: 35.85
R: 7.12%
Avg Cost: 38.69 (Black solid line) (First buys-->500 USDs Risk, Full Defensive)
The thrust of buying after the buy point crossing was so brutal I even got a price that was not registered on the Trading View Platform at the time. This reinforces the strategy of buying on lots after the alerts and then asses more buying further on. It squatted right away so i could buy the rest of my position when the price returned to the pivot.
HO, tight stopBOUGHT 1/4 position pull back buy.
120@66.75 --> 1.5% position. Overall exposure now @32.8%
Stop 62.15
Risk:6.9%
Shippers are holding nicely and look like they want to go higher. Opportunity here to start a position.
Commodities Breakout from VCPPivot: 24.65
Stop: 24.25
Avg Cost: 24.75
Risk From Pivot: 1.63%
Position: Half Defensive (250 USDs) as stop is super tight and a strong gap down can be multiples of my risk.
VCP Breakout on the Goldman Sachs Commodity Index. Added some exposure to my portfolio with this small trade.
Over all exposure now 12.5% mainly on commodities and health sector. Waiting for trades to move handsomely from pivots so I can start taking some profits, moving stop losses, and maybe start getting more aggressive. One day at a time.
AVD Breakout, another pilot position.Added a new pilot position. Now 9% invested with 7 positions ranging from Oil & Gas, Pharma, Education and Chemicals specialty.
Im trying to put a toe in the water with a "Shotgun" approach meaning im adding different small breakout names of different industries. Well see if I get traction from here so I can de-risk my first tries and build from there.
Buy point: 23.55
Stop: 21.70
Avg Cost: 23.68
Risk: 7.85%
Full Defensive--> 500 USDs Risk, 252 Shares, 1.17% of portfolio. Now 9% invested globally on the portfolio.
ASH Chemical to new high groundNice breakout to new high ground on Chemical Play. Bought 147 shares @109.32. 3.10% position.
Stop: 104.10
Risk:4.77%
Overall exposure now: 32.8%
ARIS, Environmental Play breakout on Oil IndustryPivot: 19.60
Avg Cost: 20.12
Stop: 18.65
Risk: 4.85 From correct pivot.
Position Size: 8K (Half of "Positioning"), Moved fast from the pivot and couldn't fill my position. Im not chasing on this market. My risk model changed from Defensive to Positioning on the view that we may still get a bit more of this bear market rally until we find resistance when main indexes find resistance on declining moving avarages like 50 day. 14% invested. Will try to get more invested if I can find more good breakouts. Im not in a hurry. Open positions are working good for now. My equity curve on USDs is at ATH.
Cup and Handle baseVCP characteristics.
Exhibiting strong relative strength.
volume dry ups along the base, good buying volumes and trading above key moving averages.
Broader market is weak, therefore sizing 10% of portfolio.
Buy-Stop order set at 249.75
Publishing for my own reference. Not an investment/trading advise.
PRCT Biotech Power Play Biotech Power Play (164% increase since Jan low). Consolidated making a nice VCP with a constructive shakeout below the 50 day giving tennis ball action immediately with very nice up volume vs down volume.
Avg Cost: 42.10
Stop: 38.55
Risk: 8.43%
$ Risk: 675 usd--> 8K position size, .55% portfolio weight.
Wanted to buy full "Positioning Size"-->1k risk, but stock moved to fast.
