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AMMN (VCP - 11W 30/4 3T)I bought my positions today February 12, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. An early IPO stock to has big upward momentum to considered a leader in this type of market 5. High relative strength 6. Volume dries up as less supply coming to the market 7. A decent volume on the breakout Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average 2. The index is moving higher but there are still less stocks setting up. I like to see some follow through action from now.
ALong
by rifqonr
AMMN - CHEAT I bought my positions today January 15, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Coming from a cheat area with a pause pivot 4. Dried-up volume, indicating all the selling has been exhausted 5. The stock is up 380% since the IPO, very strong leader 6. More stocks are setting up and breaking out Flaws: The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA I like to see more constructive price actions and perhaps build the handle at around 8250 area.
ALong
by rifqonr
💖CVS, Cheat entry of potential cup and handle formationMight transition into a cup and handle but figured I'd try out what I see as a cheat entry on a cup here. CVS has been making lots of new 52 week highs in the recent environment , which I find impressive. Also, its one of the few stocks that has been in green trading mode multiple times on my day trade strategy in the last several weeks while the market fell and seems like there is some strength from related names, which made it on the same day trade list making new 52 week highs lately ( AFL, CB, ANTM, WRB are the related names btw) . I like CVS the most for a swing though . Arguably , I suppose this are on the chart could be base # 2 of the uptrend too ... Trade management : Entry: $107.63 Stop Loss: $104.47 Initial TP: $ 113.92 , sell 33%
NYSE:CVSLong
by NAK1987
$CC / LongScan Criteria Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Earnings Scans Structural Checklist 1. Can a proven price patterns be identified? Yes, 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 and printing new 10 Week RS Highs 5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes 6. Is the price consolidation longer > 20 days? No 7. Has price volatility contracted from left to right? Yes 8. Has volume volatility contracted from left to right? Yes 9. Are there visible signs of demand within the base? Yes 10. Are there visible signs supply has been absorbed? Yes Pivot Buy Point (Last 3 Bars) 1. Is there a visible Tight Zone? Yes 2. Have there been 3 Tight Closes? Yes 3. Has there been a Constructive 3 Bar Correction? No 4. Is there a Bullish Inside Bar? No AND 1. Has volume dropped dramatically? 3x blue dots in the last 4 bars 2. Can risk be managed under 8% in one of 3 ways? Yes Scan Score (Minimum 12/12) All Trading Dirty stocks have a Scan Score of 11 Structural Score (Minimum 7/10) 9 Entry Score (Minimum 1/4 then 2/2) 4
NYSE:CCLong
by TradingDirty