3A recent developed a VCP setup.
C1: -9%
C2: -8%
C3: -3%
Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through.
After the breakout, there is a 8 days natural reaction occur with volume shrinking.
22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07. Let's see next week how it will develop.
Disclaimer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
C1: -9%
C2: -8%
C3: -3%
Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through.
After the breakout, there is a 8 days natural reaction occur with volume shrinking.
22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07. Let's see next week how it will develop.
Disclaimer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.