Update: Strong rally yesterday +12% and +21% since publishing on 23 January.
Medpace Holdings, Inc. is a global clinical research organization based in Cincinnati, Ohio, employing approximately 5,400 people.
The original idea is attached.
I'm long on MEDP. TP is thick green line. No SL. I will get out when ttp goes below 2 or theres 50% decline. I will dca when price closes below 1STDEV in a given month during the time my trade is open.
Since late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230.
This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend.
The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230...
$MEDP just needs an "okay" market day and should do fine.
Putting in a nice pivot for tomorrow.
I'm already in from the 21st on that pullback buy setup.
Plenty of overhead under that $225 area so scaling in as this triggers through pivots is the way to go.
Nice place to grab $MEDP if things don't gap up or down big tomorrow on the CPI number.
Turning around from a pullback buy to its 10 week MA.
volume pattern as seen by OBV and U/D still looks very strong.
Medpace Had big earnings beat, gapped way up and finished that day in the upper ¾ of the candle (Bullish). It has been digesting that move for about 7 weeks now and has formed a long Bull Flag. It just peaked out of that flag, and I’ve started a small position just to get in early. It is also low risk as I have decided that if this closes below the gap up day,...
So let's stick with earning gap up theme for tonight as I am not seeing anything else.
$MEDP tried to come out today and squatted with the market.
Again, the silver lining is that quite a bit of these gaps held up very well so far.
Medpace Holdings is breaking out of a textbook cup and handle pattern. As you can see in the chart, there were two possible entries on this trade. The first was an early "cheat" entry at 185.00 after the tightening pattern in the middle of the cup. The second and more technically correct entry point is here at 196.00 as MEDP breaches the high of the handle.
The...
