SMGR potential completing cup and handleSMGR has the potential to complete inverse cup and handle with good profit potential
SMRA potential confluence on cup&handle and BAT patternSMRA price currently pullback from inverse cup and handle neckline potentially completed the cup and handle pattern.
The target pullback happens to close to Point C of Bearish BAT harmonic pattern (just estimates).
Let's see if this wild guess will play out nicely
SMMT - FLAT BASEI bought my positions today
September 18, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a textbook flat base setup
3. It has VCP characteristics
4. It has a high relative strength
5. It outperforms the general market
6. Volume dries up and huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 33.8% of total stocks above the 200-day MA.
SMRA potential forming Cup and Handle patternSMRA pullback from smaller HnS pattern right in the neckline. See previous post for the HnS pattern post.
SMRA has the potential forming bigger cup and handle with higher profit target once it is completed the pullback and price moving back towards the bigger cup and handle neckline.
KAYU - POWER PLAYI bought my positions today
November 6, 2023
The reasons:
1. Low-risk entry with a crisp low cheat pivot point
2. The stock went up >100% in less than 8 weeks
3. VCP characteristics during the pause
4. The pause has less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. A high alpha stock with a low standard deviation
6. One of the leaders in this type of market environment
The flaws:
1. Stock squats after the breakout
2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
This stock is still so strong. I would like to see it calms down for couple days and develop a pivot reset to add more positions.
BTPS potential Butterfly pattern forming if point C is validWatch the point C, if price not going lower then point C then reverse, then probability for Bearish Butterfly forming is higher.
ANTM - December Potential BullishCandlestick pattern Nov 2023 was Hammer. Hammer is bullish reversal.
Resistance TF Mo: 1790, 1845, 200
AMMN - POWER PLAYI bought my positions back today
October 26, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. A high alpha stock with a low standard deviation
6. One of the leaders in this market environment
The flaw:
1. Squat after the breakout
2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
The stock set back another pivot point after I got stopped out beforehand slightly above the breakeven. I like to see if it can hold up during this difficult market environment.
DMAS has potential to form Gartley PatternWatch Point C closely. As long as Point C still within the yellow box, potential Gartley pattern will be valid. Give it sometime to see if the pattern will be completed or not.
UDNG - PRIMARY BASEI bought my positions today
November 27, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight and clear pivot point (a cup with handle)
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
I want to see some constructive action in the upcoming days.
PGAS potential Gartley if Point C is validWatch closely for Point C which has to be within the yellow box.
You can use the yellow box as downtrend target as well. If price reverse to the upside within the yellow box then point C is valid and the pattern has higher changes to form.
ACES going to nearest Fibo target soonACES has rebounded from low to nearest fibo target soon.
Still some upside from here.
TAPG potential forming Gartley PatternWatchout TAPG for Potential Gartley Pattern completion. If you believe Gartley pattern completion is possible, there is plenty upside from here.
SMRA breakout from inverse HnS pattern.SMRA breakout from inverse HnS pattern. Still has lots of opportunity to add positions.
ADCP potential breaking downtrendADCP at the end of triangle, in my opinion adcp have fair chance to go up from here
SMRA breakout inverse HnS patternSMRA breakout HnS and has the potential to go up further from here.
BRIS breakout still with some more upside potentialBRIS has breakout with some more potential upside ot nearest resistence
PWON potential breaking Cup and HandlePWON potential breaking Cup and Handle with target inline with 61.8 fibo retracement
BFIN probably changing from cup&handle to HnS patternAfter reaching the neckline of Cup&Handle, price going lower.
Although still very early, but hopefully price will form the HnS pattern.
Finger Crossed !
If price able to complete the Cup and Handle PatternLookout for BFIN, if price able to complete the small Cup and Handle Pattern and completes the 38 fibo retracement, hopefully price can go to next fibo retracement as target
