Breakout in Electronics Mart from Inverse H&S EMIL has had a breakout and successful retest from an inverse H&S pattern on above avg volume day. The Relative strength is also showing an uptick.
Ipobase
PTPS - POWER PLAYI have a position today
December 14, 2023
The reasons:
1. Low-risk pivot point
2. The stock went up >100% within 8 weeks
3. It corrects only 13%, indicating big institutions are unwilling to unload their position
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up as less supply coming to the market
7. There is decent volume on the breakout
Flaws:
1. It needs to go through some overhead supply on the left side
2. The market is still in a hard-penny environment with only 29% of total stocks above the 200-day MA.
This is my initial position. I want to see it set up a better pivot to add to my positions.
UDNG - PRIMARY BASEI bought my positions today
November 27, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight and clear pivot point (a cup with handle)
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
I want to see some constructive action in the upcoming days.
LOPI - PRIMARY BASEI bought my positions today
October 26, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
The stock closes good with a decent volume on the breakout. I want to see some constructive action in the upcoming days.
VKTR - PRIMARY BASEI bought my positions today
July 10, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. Volume dries up before the breakout, a 1-2 punch.
The flaws:
1. The general market is still in correction
2. Most individual setups I personally trade don't work out well in the last two months
The stock closes good and strong on the breakout. I want to see some constructive action in the upcoming days.
SMIL - PRIMARY BASEI bought my positions today
June 19, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at low cheat area
The flaws:
1. The general market is still in correction
2. There is still a huge overhead supply on the left side
The stock closes good and strong on the breakout. I want to see some constructive action in the upcoming days.
TRON - PRIMARY BASEI bought my positions today
June 15, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at low cheat level
6. I got an 80% win rate on a primary base setup
7. Reference case: Google's IPO
MBMA - PRIMARY BASE I bought my positions today
June 15, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at low cheat level
6. I got an 80% win rate on a primary base setup
7. Reference case: Google's IPO
GTRA - PRIMARY BASEI bought my positions today
June 19, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at cheat area
The flaws:
1. The general market is still in correction
2. Lack of volume on the breakout today
The stock squats at the closing. However, I want to see some constructive action in the days to come.
VTNY (VCP - 13W 25/6 3T)I bought my positions today
March 28, 2023
The reasons:
1. Low-risk pivot point
2. A quintessential VCP setup
3. The stock has very tight and crisp buy point
4. Volume dries up as indication of less supply coming to the market
5. The stock closes good after the breakout today
6. High relative strength
I bought it perfectly today, and the stock immediately explode. I've moved my stop to breakeven now.
PDPP - IPO BASEI bought my positions today
March 13, 2023
The reasons:
1. Low-risk pivot point
2. The stock reset its pivot level
3. The pivot point has an inside day
4. High volume on the breakout
5. High relative strength
I re-enter my position back today after the stock reset its pivot point into more constructive price action.
PDPP - PRIMARY BASEI bought my positions today
February 14, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. IPO base on low cheat entry
4. High volume breakout
The flaws:
1. The stock still needs to encounter a big supply on the left side
2. Stock squatted to pivot level
I like to see some follow-through in the upcoming days.
ELIT - PRIMARY BASEI bought my positions today
February 8, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. IPO base on low cheat entry
4. High relative strength
5. High volume breakout
I bought the final position today as I have accumulated my position incrementally beforehand.
Is $PRCT ready to move higher from here?Notes:
* Steady up trend in a bear market
* Nice earnings for the past to quarters
* Recent IPO
* Looking to break above its IPO base
* Printed a pocket pivot, indicating institutional buying
* Offering an early entry relative to its 50 day line
* Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions
* IPO base resistance comes in around 47.7
Technicals:
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 15.62
Relative Strength vs. SP500: 4.68
U/D Ratio: 1.1
Base Depth: 182.59%
Distance from breakout buy point: -4.82%
Volume 54.55% above its 15 day avg.
Trade Idea:
* You can enter now as the volume and price are indicating of it moving higher from here.
* If you want to be a bit more safe, you can wait till after earnings
IPO base - 1st ever Break outRecently listed IPO breaking out from the first base shows the recent demand for the script. Purely for swing purpose. can Head higher to 385 - 485 levels in coming days.
PS - Views are personal and for educational purpose only.
ESAB IPO BaseRecent IPO. "ESAB Corporation Completes Separation From Enovis and Launches as an Independent, Publicly Traded Company"
Breakout from a cheat area an IPO Base with VCP characteristics.
AVG: 50.59
Stop 48.50
Risk: 4.13%
Position Size: 8K
Overall Exposure: 16.80% Still very conservative, summing pilot positions one day at a time while trying to create cushion.
US Stock In Play: $EE$EE - Utilities
newly IPO-ed during the weakest phase of the market. 7 wks basing pattern within a 25% range from IPO price displays resilience in price action
traded to its ATH with two days of v
ROLEX RINGS - VCP formation (IPO base)The tape has formed an IPO base.
Volume dries up as price compresses.
Tape is drifting sideways around 21 EMA.
Inside candles.
Pivot buy at 1194
SL below mother candle low @1130
Entering half qualtities at CMP 1170; rest half at buy-stop price of 1194 as having conviction that price will breakout from pivot, will exit if mother candle low is broken.
Publishing for my own reference.
Not an investment/trading advice.
