A clear entry using VCP; scalpers' favorite
- a long period of consolidation
- VCP pattern was identified albeit lack of one or two shorter waves - provided a clear entry
- the extremely long doji shows that profit taking was extremely aggressive - that should be a clear sign of the recent sell-downs
- highly manipulated - newbies should avoid such stock
- scalpers might be able to profit by using 15 minutes chart
**this analysis is solely for my own reference and training
- VCP pattern was identified albeit lack of one or two shorter waves - provided a clear entry
- the extremely long doji shows that profit taking was extremely aggressive - that should be a clear sign of the recent sell-downs
- highly manipulated - newbies should avoid such stock
- scalpers might be able to profit by using 15 minutes chart
**this analysis is solely for my own reference and training
Comment:
chasing high kills
- share the same formation as UCREST
- wait for consolidation but the long upper shadows should always be in consideration