Worth checking the price and volume action on the hourly. Looks very constructive and is the reason I'm considering a very tightly managed, low risk trade. Scan Criteria Does this stock meet my custom 12 point scan criteria? Yes Structural Checklist 1. Can a proven price patterns be identified? Yes, CWH on the hourly and shelf on daily 2. Is the 50D SMA...
Markets is a bit messy now - though you can find some good names. Here is one - although low market cap so caution is advised. Very clean and tight price action .... looking at breaktout at 25 level.
With EVTC i see two buy signals - both based on the teachings of my masters - M. Minervini and G. Morales. First we see a VCP over the last few days (it was also on a short list from our VCPSniper). What is interesting when you look at in details is that we see a 'shakeout' (following MM rules of VCP) that for aggresive traders can be taken as UC&R (undercut and...
Todays list of stock showing VCP qualities. Trade safely! As i commented under the last video - number of names completely cancelled VCP setup by moving through the bottom range. In this video i also share the combination of VCP with UCR (undercut rally as per Gil Morales). Safe trading to all!
Result of our VCPSniper analysis helping us (and you) to quickly scan through 1000s of names to create a short list of actionable stocks. We always look for price tightness and trend template criteria as defined by Mark Minervini. We publish videos couple of times a week and also add additional analysis on stock by stock basis. The entry should be at the break of...
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.
Does this stock meet my 8 point scan criteria? Yes Structural Checklist 1. Can one my proven price patterns be identified? Yes, a Low Cheat 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes 5. Does price action suggest the stock is consolidating / digesting the recent price...
Scan Criteria Does this stock meet my 8 point scan criteria? Yes Structural Checklist 1. Can one my proven price patterns be identified? Yes, a Low Cheat 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes 5. Does price action suggest the stock is consolidating / digesting the...
Scan Criteria Does this stock meet my 8 point scan criteria? Yes Structural Checklist 1. Can a proven price patterns be identified? Yes, a VCP 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes 5. Does price action suggest the stock is consolidating / digesting the...
it might be tempting to buy within VCP ... but is it still so when you look at what happened to VGR? Once you have been caught in a move like that ... you learn very fast :) ALWAYS apply risk management where size of your position is in line with your risk apetite! Happy trading!
Have a look at the chart .. you clearly see the contraction in volatility for the last couple of days. A cheat entry according to Mark. I also like the volume below average and 50SMA going upwards!
THESIS MARKET NASDAQ in a confirmed uptrend, price above a rising 30W MA. 5 and 10 day breadth ratios above 1 suggesting demand in control. 12 week breadth ratio 0.78 but improving suggesting market in transition. $VXN below 30. STOCK BULLISH STRUCTURE Price above a rising 30W MA. RS above the zero line, trending up and near ATHs. Price moved 56% before...
THESIS MARKET NASDAQ in a confirmed uptrend, price above a rising 30W MA. 5 and 10 day breadth ratios above 1 suggesting demand in control. 12 week breadth ratio 0.78 but improving suggesting market in transition. $VXN below 30. STOCK BULLISH STRUCTURE Price above a rising 30W MA. RS above the zero line, trending up and near ATHs. Price moved 43% before...
clearly visible VCP holding just above 50SMA. Price holding in very tight range. Break of top of the range will be a entry trigger.
the left hand side looks a bit choppy but you can see a nice price contraction together with volume lower than average. In good market conditions - this would be a good candidate for long entry provided it would clear the 17.40 level.
BULLISH Is in a Stage 2 uptrend with price above a rising 30W MA. Relative Strength is above its zero line and trending up. Significant bar on earnings (+22%) on slightly above average volume. Price gapped up after earnings and has been correcting for the last 29 trading days (around 6 weeks). The correction has seen price move through a Downward Sloping Price...
BULLISH Is in a Stage 2 uptrend with price above a rising 30W MA. Relative Strength is above its zero line and trending up. Price moved gapped up after earnings and has been correcting for the last 33 trading days (just over 6 weeks). The correction has seen price move through a Downward Sloping Price Channel / Double Bottom. Price has moved up and out of the...
BULLISH Is in a Stage 2 uptrend with price above a rising 30W MA. Relative Strength is above its zero line. Price moved up aggressively before consolidating for 31 trading days (just over 6 weeks). The consolidation has seen price correct through a tight Downward Sloping Price Channel. Price has seen move up and out of the DSPC and tightened up. There is a...