Notes: * Very strong up trend on all time frames * Great earnings in the recent quarters and in general * Creating a base on base pattern for the past ~8 months * Price is mostly keeping above its 50 day line since mid April with a few dips below * Volatility is contracting with signs of accumulation Technicals: Sector: Consumer Defensive - Discount...
With the US. Economy showing signs of a decline in growth be it through the freezing of hiring of new employees, personal savings decline even worse than before the pandemic, sky-high interest rates, etc. and with conflicts arising in Eastern Europe and the South China Sea putting a strain on resources, it brings to question whether or not everything should be...
CME_MINI:NQU2022 - PR High: 11843.75 - PR Low: 11808.00 - NZ Spread: 79.75 Evening Stats (As of 1:00 AM) - Weekend Gap: = -0.09% (not filled) - Session Open ATR: 346.81 - Volume: 31k - Open Int: 254k - Trend Grade: Bear - From ATH: -29.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12390 - Mid: 11820 - Short: 10680 Keep in mind this...
CME_MINI:NQU2022 - PR High: 11433.75 - PR Low: 11404.25 - NZ Spread: 66.0 Evening Stats (As of 11:20 PM) - Weekend Gap: = -0.74% (last week - not filled) - Session Open ATR: 421.04 - Volume: 154k - Open Int: 234k - Trend Grade: Bear - From ATH: -31.75% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12390 - Mid: 11820 - Short:...
Nice 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.
IT stocks continue to fall since it results come out. in current scenario the Infosys stock is still bearish Supports are same, resistance is low.
I do not post ETFs very often - here is something i see today. Not a clear template (missing the triangles) but setting up a narrow price contraction. Looking forward how this will develop now.
As things go bad prices go up,we cant time the markets but we can take hints from the volatilty it has shown in the past,Currently price is showing a snowflake of distr. so it is very much possible that we can see price start to contract in irder to mitigate previous positions. LIKE AND COMMENT IF YOU WERE INTRIGUED BY THIS ANALYSIS!
This stock was in my video from Sunday ... it is a great example of what we are looking for ... look at this clean break of the top of the VCP and holding nicely. However ... given the overall market situation - if you caught it ... maybe it is good to pocket the profits and move on ... it is a tricky market we are experiencing now.
Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings. Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be...
After completion of a Wyckoff re-accumulation, these 3 Malaysia technology stocks - MYX:D&O MYX:QES and MYX:REVENUE set to rally to higher price targets. In this video, you will find out the revised price targets based on the Point & Figure price target calculation together with potential entry based on breakout trading or pullback trading strategy.
Buy signals have been spotted for Malaysia stocks MYX:SAMCHEM , MYX:SAMAIDEN and MYX:RL (Reservoir Link Energy). Will the bonus issues of shares and warrants act as a catalyst? In this video, you will find out how to participate these strong momentum stocks before the explosive move happens.
After forming a Wyckoff re-accumulation structure, NASDAQ:CG , NYSE:COTY , NYSE:IPG and NYSE:MET just started a bull run with buy signals spotted. In this video, you will find out how to participate right at the beginning of this uptrend with simple breakout trading or pullback trading strategy.
First Thing You Need to Know Here Is That All The Strategies in the world are only successful if you can exercise the patience required. Sitting Tight Is the most important skill not reading charts. I Went Long In Balamines on 26th October 2020 Basis A Weekly Inside Bar Breakout. The Stock Was In A Strong Uptrend Before This And Had Taken A Pause Between August...
Explaining VCP pattern with different examples for a group of friends
If you missed the $TSLA VCP, here's one more $NVDA. Same pattern as $TSLA before the big breakout with higher lows and supply dry up indicating that most of the selling is done. Volatility contraction Pattern by @markminervini 📈
General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. 1-Year Return 10.76% 3-Year Return -6.13% 5-Year Return 13.35% 5-Year Revenue Growth -11.99% 5-Year Earnings Growth 58.03% 5-Year Dividend...
TEXTILE INDUSTRY RECOVERING AFTER LONG PERIOD OF CONSOLIDATION BAN ON CHINESE IMPORT ADDING ADVANTAGE TO TEXTILE SECTOR PLEASE SEE CHART FOR FURTHER DETAILS TARGET 1: 375 TARGET 2: 400 STOP LOSS : 280 **These are my personal observations. Please trade at your own risk.**