WHEATWHEAT: A breakout is on-going following a great volatility consolidation pattern "VCP"
3 supports and a pivotal point touched 4 times.
This is a good set up.
Vcppattern
vcp characteristicsbreaking out of the base
exhibiting strong RS while indices are down more than 1.5%, this stock is up 1% and holding the key moving averages
volume dry up in the base
big buying volumes
pilot position - buy stop order at 944
SL 899
Publishing for my own reference.
Not an investment/trading advise.
CENTURYPLY LTD, VCP at life time high. There is a volatility contraction pattern seen in CENTURYPLY LTD, at its life time high. There is also a very decent volume spike seen. Long trade can be initiated here.
Possible breakout to new All Time High from VCP characteristicSWCH shows a possible setup to new ATH (all time high) from a VCP characteristic. It is a relatively new name (IPOed in 2017) and since 2019 showing some real strength - last few days look like a consolidation at the top - no pump and dump. Key level is 31.80. To make the picture look better - i am missing a below average volume - sadly it is above average - so caution is advised.
To train your eye - look back at 'cheat' VCP as we saw it back in March - and at that time we had nice volume compression.
So ... you can keep it on your radar - though as always MANAGE RISK!
Possible Cup&Handle CTAS comes from manual screening outside of VCPSniper. What i like about this one is that it is showing us signs of strengths through VCP, volume does not indicate distribution, stock belongs to 'dividend aristocrats' list.
As alwasy - manage your risk.
A cheat entry from VCP ....?Here comes another possible VCP entry based on VCPSniper filtering. I do like how we see the higher lows, 50SMA is turning around, 200SMA continues its upward move. 64.76 is the key price point however be aware of the wider market context we are seeing now so manage your risk accordingly.
A possible coiling ahead of breakout?Oil group has been one of the strongest recently. While doing my scanning i came across this one. Looks good for me .... tight price action ... however ... many of the breakouts recently showed signs of weakness therefore caution is advised.
VCPStock is trading above the key moving averages.
Volume dry up over the base.
Institutional signs of accumulation.
Publishing for my own reference. Not an investment/trading advise.
VCPVCP characteristics. Though process mentioned on the charts.
Pocket pivots along the base with dry up in volumes.
Publishing for own reference. Not an investment/trading advise.
$SCCO Bullish Copper ChartSCCO is a nice setup in my opinion. After a nice +250% rally, SCCO has formed a solid VCP pattern with nice rounded base and appears to be ready for the next leg up.
Started a position here and will add on a break above 80.
For those looking for less, risk can alarm the breakout and go long there, as we may get one more dip to shake out weak hands before more upside.
I'm long the JUN 90 calls to give this trade time to work , with 2,300 OI
First price target $96
VCP BREAKOUTStock in previous uptrend, long consolidation, VCP formation, Volume dried during consolidation, Break out with volume and risk reward of 1.85. ONLY FOR SELF LEARNING AND EDUCATION PURPOSE
VCP setupStock is trading above key moving averages.
Exhibiting strong RS
Volume dry-up on final contractions.
Publishing for my own refernce. Not an investment advise.
Gold and precious metals miners are setting up ... !I am not GOLD bull - i read charts. Feels like the price action is confirming what we see happening outside of markets.
i recently read a report that someone was secretly buying gold at around 1800 and putting it aside - based on yahoo search- here is the copy of it:
(Bloomberg) -- Spot gold is again bobbing along near $1,800 an ounce, as it has been since mid-2020. The stickiness of that level, particularly as fundamentals turned more bearish, suggests there’s a big buyer somewhere in these waters. (...) That would suggest that whoever is buying is able to buy in scale, leave little footprint in the market and then take delivery and store the metal in secure, invisible vaults. And that points strongly toward a sovereign buyer.
Today i share with you few tickers and price action on XAU.
Volatily contractionVolume dry-up; drifting sideways around 21 EMA.
Inside day candles.
RS higher; moved +6% where nifty tumbled by -2%.
EPS score of 91
RS rating 50
Pivot bought at 860.
SL 802
Publishing for my own reference. Not an investment/trading advise.
XAU (gold) is setting up a model VCP patternI posted few weeks ago about VCP on Gold. That trade got stopped out.
I encourage you to have a look at the weekly chart. To me it looks like a great example of long base with 3 contractions.
Always trade with stop loss!
VCP baseBeautiful VCP base.
Volume dry-up within the base and strong buying.
Trading above key moving averages.
RS score of 95.
Publishing for my own reference.
Not an investment/trading advise.
Volatility Contraction PatternPivot @1882.
Stock holding the 21 EMA.
Volume dried up significantly on the third contraction.
Publishing for my own reference.
Not an investment/trading advise.
VCPVCP action.
Missed pivot buy.
Bough back at 94.8 next day on retracement.
Inside day breakout (closing) will give boost to momentum.
