a great example of successful exit from VCPThis 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.
Minervini
$SHYF / Long through a Low Cheat
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 move? Yes
6. Is the price consolidation longer > 20 days? Yes
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?No
3. Has there been a 3 bar constructive correction? Yes
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? Yes
2. Can risk be managed under 8% in one of 3 ways? Yes
Other Notes
1. None
Scan Score (Minimum 8/8)
All Trading Dirty stocks have a Scan Score of 8
Structural Score (Minimum 7/10) 10
Entry Score (Minimum 1/4 then 2/2) 4
$BJ / Long through a Low CheatScan 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 recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes
7. Has price volatility contracted from left to right? Yes, seen in multiple tight zones in right half of base
8. Has volume volatility contracted from left to right? Yes, although Xmas - NY week exaggerates this
9. Are there visible signs of demand within the base? Yes
10. Are there visible signs supply has been absorbed? Yes, although would like it to be clearer
Pivot Buy Point (Last 3 Bars)
1. Is there a visible Tight Zone? Yes
2. Have there been 3 Tight Closes?No
3. Has there been a 3 bar constructive correction? No
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? Yes
2. Can risk be managed under 8% in one of 3 ways? Yes
Other Notes
1. None
Scan Score (Minimum 8/8)
All Trading Dirty stocks have a Scan Score of 8
Structural Score (Minimum 7/10) 8.5
Entry Score (Minimum 1/4 then 2/2) 3
$F / Long through a VCPScan 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 recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes
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 (2)
3. Has there been a Constructive 3 Bar Correction? No
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? Yes
2. Can risk be managed under 8% in one of 3 ways? Yes
Other Notes
1. Note made of the the distribution day on December 16th, Supply still present above 20.50.
Scan Score (Minimum 8/8)
All Trading Dirty stocks have a Scan Score of 8
Structural Score (Minimum 7/10) 10
Entry Score (Minimum 1/4 then 2/2) 4
Why is it better to wait for move up out of VCP!!! <= IMPORTANT!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!
$SLAB / LongTHESIS
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 consolidating.
Consolidation is 29 bars in length (almost 6 weeks).
Price above the 50 SMA.
The total correction from ATH was 11%.
Price showing VCP characteristics with most recent pivot at 3%.
Price has now formed a VCP BO.
Price above its ATR zero line.
The last 3 bars have been tight with narrowish range real bodies. Price has also drifted down.
Volume has contracted with 6 blue dots in the last 7 days.
BEARISH STRUCTURE
No significant bars within the base suggesting no strong institutional bid yet.
LAST 3 BARS
3x tight 'B' bars
2x blue dots
ENTRY
Full position
$DFIN / LongTHESIS
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 correcting through price. Price corrected back to the 50 MA.
The total correction from ATH was 19%.
Price printed a higher low before breaking out of it's downward sloping price channel (DSPC).
Price has now formed a relatively tight low cheat.
Price above its ATR zero line.
The last 3 bars have been tight with narrow range real bodies. Price has also drifted down.
Volume has contracted with 3 blue dots and 1 red dot over the last 5 days.
RS is above the zero line and trending up (marginally)
BEARISH STRUCTURE
No significant bars within the base suggesting no institutional bid yet. Given the low cheat strategy this isn't unusual as prove current in the lower third of the base.
LAST 3 BARS
3x tight 'B' bars
1x red and 1x blue dot
ENTRY
Half position
VCP formingthe 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.
$HMHC / LongBULLISH
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 Channel / Double Bottom.
Price has tested the top of the prior base and found support.
There was a shakeout on December 20th. Volume was light and price recovered closing +0.86%.
The shakeout also confirmed a tight zone suggesting there was little supply coming to the market and no institutional selling.
Price has moved up and out of the DSPC on volume. Price followed through and has since tightened up. A second tight zone has been confirmed and with it confirming the pivot buy point.
Volume in the tight zone has been over 48% below average.
The last bar has hammer esq qualities making it actionable through the pivot.
BEARISH
There is OH supply to the left.
Price is yet to reclaim the ATR zero line.
$DDOG / LongBULLISH
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 DSPC and tightened up. There is a possible tight zone with narrow range and spread bars.
Price has retaken its zero ATR line.
Bullish expansion bars outnumber their bearish counterparts in the structure.
Volume has been roughly average with above average days seen around the lows of the structure suggesting absorption of supply (weak hands).
The last trading day (although this was the 23rd of December shows a blue dot (40% less volume than average).
The last bar is an inside bar making it actionable on the daily timeframe .
BEARISH
Volume has not dropped to anaemic levels.
Price has since printed a higher low but has not yet printed a higher high.
$NEWR / LongBULLISH
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 visible tight zone with narrow range and spread bars.
Price has retaken its zero ATR line.
Volume has been roughly average throughout the consolidation suggesting no big institutional selling.
The last two trading days (although these were the 22nd and 23rd of December show blue dots (40% less volume than average).
The last bar is an inside bar making it actionable on the daily timeframe .
BEARISH
Volume has dropped to anaemic levels.
Price is challenging all all time highs and the BO level of a 42 month consolidation.
$DTLR / Long$DLTR has a lot going for it...
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 21 trading days (just over 4 weeks).
The consolidation has seen 2 complete contractions. The first is 11% the second 7%. The current T is super tight with a 2% range.
Very little supply is coming to market with multiple green and red dot volume days (vol 40-60% below average).
Price action shows 2 very tight zones (including the current T). There are also multiple tight candlesticks and inside bars within the base.
The last bar is an inside bar making it actionable on the daily timeframe.
...but the fact price remains in the lower half of the base is a worry.
BEARISH
The last above average volume day printed a bearish bar (Dec 17th) although that day was quad witching.
Price hasn't printed a high low and the pivot buy point is sitting in the lower third of the prior T's range (low cheat).
HAKA - USDTHAKA - USDT,
a Small new crypto, the project looks promising. The Volumes are very high compared to the market cap
- Great Volume
- Figure RDM , VCP
- A first consolidation
- Sector of the Defi, compared to other Defi project it is completely undervalued
BOSON - USDT Volatility Contraction PatternBOSON USDT - Graph 4H
- A Volatility contraction pattern ( VCP ) is building up
- Great volumes observed during the last weeks
Dock crypto fundamentals: E-commerce, Metaverse, a very promising sector and project at the right place at the right moment
Let's observe the development of this VCP configuration.
DOCK - weekly consoDOCK USDT - Graph weekly
- A Volatility contraction pattern (VCP) is building up
- Some unusual volumes could be observed yesterday leading to a movement of + 20%
Dock crypto fundamentals: manage and present digital credentials that are instantly verifiable using blockchain technology
Looks promising and Capitalization of 71 Musdt.
Let's see the development of this VCP configuration
US Stocks - M. Minervini trend template and signs of VCPsSelection of US listed stocks meeting Mark Minervini's trend template and showing signs of VCP (Volatility Contraction Pattern).
Recorded on Oct 18th.
US Stocks meeting M. Minervini's trend template with VCPs markedIn the attached recording we share with you the results of the weekend chart study. A list of stocks meeting M. Minervini's trend template. We also share those where we see some VCPs.
All studies are done solely by us and based on great books written by Mr Minervini who remains to be an inspiration for us.