I bought my positions today January 15, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Develops a mini cup and handle with VCP characteristics 4. Dried-up volume, indicating all the selling has been exhausted 5. Huge volume on breakout 6. High relative strength stock 7. More stocks are setting up and breaking out Flaws: The market is...
I 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...
I like the base that is forming in OLED 165 pivot point. Notice 5 weeks of tight weekly closes - good sign of potential accumulation is happening. Overall structure looks mid-term bullish to me and my ElliotWave analysis (EW). Although, one shall be mindful of important resistance in 171-180 area, that my cause price to correct to back to 152-141 support...
I bought my positions today June 8, 2023 The reasons: 1. The stock offers a low-risk entry point 2. It developed a small cup-and-handle pattern 3. It outperformed the general market 4. It has a high relative strength line 5. It has VCP characteristics 6. It breaks out with a huge volume Flaw: 1. The market is still in a correction 2. Lack of setup in the market
After a negative reaction to last earning of Air Bnb, a short episodic pivot has formed on the daily chart. It still could need a day or two, until the 10day MA has caught up with the price. Entry: - break of 104.55 level (pivot point) - Aggresive: touch of 10 ma (if it goes up tommorow) Stop loss: - Break of 10 ma -Aggresive: upward break of pivot point
ZYME peaked @ 59 in Jan2021 and had been generally on the downtrend since. It began to bottom around Feb 2022 (after a 90% plunge!) and had been consolidating in a sideway range until the 200 day MA began to come down and flatten out. Today it gapped strongly out of this range high of 9.28, a possible breakaway gap that will increase the odds of a valid...
Fundamental (reason why I am putting this stock in my watchlist): Their EPS growth and Revenue Grotwh (between Q3 2021 to Q3 is 109% and 84% respectively. ROE is 33%. This is what I define as a potential growth stocks. Technical : It is correcting after its 6 day rally. It will be interesting if it reverts back to the mean (50,100 and 200 EMA). it is testing the...
I have a small position on 22/8/22 coming from a flat base. Today the stock broke out in huge volume. I like to see some follow-throughs to confirm the institutional accumulation.
Text book model of a 11.5 week flat base + base failure reset(constructive shakeout) + VCP with 3Contractions and massive volume dry up before the breakout and massive volume on the breakout.
I secured my position back today. The stock broke out of a flat base with VCP characteristics.
* Nice up trend * Resisted the current bear market really well * Looks good on all time frames Technicals: * Sector: Utilities - Utilities - Regulated Water * Relative Strength vs. Sector: 3.09 * Relative Strength vs. SP500: 13.1 * U/D Ratio: 1.06 * Base Depth: 24.41% * Distance from breakout buy point: 0.1% * Volume 72.3% above its 15 day avg. Trade Idea: *...
I had my position on 18th January 2022. The stock pullback to the breakout level, then immediately bounces back. I like to see some follow-throughs in the upcoming days.
Break out today, the stock has a VCP characteristic, and it is very tight. I don't really like the fundamentals. But I got a small position, I'm getting myself involved in a quick move.
Flat base with VCP characteristics, I like the shakeout and the formation of the majority of the supply line. It is very constructive. I'm watching the stock very closely!
* Great earnings * Very strong up trend * High 3-month relative strength of 2.55 in the Industrial sector * Pays out dividends * Has been in a tight range of ~3.94% for the past 5 to 6 weeks * Held up incredibly well during this time of market uncertainty Trade Idea: * There are a few plays you can do here since the 4% stop is quite a distance away: 1) Enter...
* Good earnings * Very Strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a flat base of roughly 6 weeks with higher than average volume * Pays out dividends quite generously since it's a REIT Trade Idea: * Now's a great time to enter as the price is just breaking out and is very close to the broken resistance. * The...
* Great earnings * Strong up trend * Very high 3-month relative strength in the Healthcare sector of 10.44 * Trading at higher than average volume creating a pocket pivot * Trading in a tight range of ~5% range * Little to no overhead resistance * Has held up incredibly well during this correction with little to no downside at all. Trade Idea: * You can enter...
I am watching this stock very carefully now, it develops quite a tight right side with VCP characteristics. I like to see some good action soon.