IDX:BBCA - VCP 18-09-2024 Reason: 1. Low risk entry point 2. Volume dries up 3. Confirmed Stage 2 4. Price above MA 50 > 150 > 200 over 10 weeks 5. Price is within 25% of 52 weeks high 6. Price is over 30% of 52 weeks low 7. 200 day MA trending up over 1 month Flaws: 1. RS rating less than 70 2. 5 biggest marketcap 3. No big volume on breakout
1. Technical Setup Cup and Handle Pattern: The stock has formed a well-defined cup and handle pattern. This is a bullish continuation pattern and typically indicates that the stock is gearing up for a breakout to the upside. The resistance level to watch is around ₹154–₹155. VCP Pattern (Volatility Contraction Pattern) : Simultaneously, the stock is...
I bought the stock today September 11, 2024 Reasons: 1. Low-risk entry point 2. Long base cup development 3. Formed a classic cup with a nice drifting handle 4. VCP characteristics on the handle 5. One of the leaders in banking sector beside IDX:BRIS 6. We're in a general market bull campaign 7. More stocks start showing traction. Flaws: 1. Currently...
1. VCP Analysis: - Multiple Contractions : The stock is forming a VCP pattern where volatility has decreased with each successive pullback. You can see that each decline in price gets progressively smaller, which indicates that sellers are getting exhausted, and buyers are stepping in earlier at each pullback. - Tightening Price Action : The pattern...
This chart presents a Volatility Contraction Pattern (VCP) , signaling a potential bullish breakout. The integration of moving averages and volume dynamics adds further strength to this analysis, indicating that the stock could soon break out above its resistance. Below is a detailed breakdown, including a volume study. --- 1. VCP (Volatility Contraction...
I bought my positions today August 21, 2024 Reasons: 1. Low-risk entry point. 2. Confirmed stage 2 uptrend. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +100% in the last three months while the index correcting -3%. 5. High relative strength. 6. Volume dries up as less supply coming to the market. 7. A decent...
Price Action : - The stock appears to be in an overall uptrend, as evidenced by the higher highs and higher lows visible on the chart. The price has been moving upward with periodic consolidations, which is typical in trending markets. - Currently, the price is consolidating just below a resistance level around the 6,700-6,750 range. This is a critical level to...
I bought my positions today August 19, 2024 Reasons: 1. Low-risk entry point. 2. Confirmed stage 2 uptrend. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +50% in the last three months while the index correcting -3%. 5. High relative strength. 6. Volume dries up as less supply coming to the market. 7. A huge...
- Strong prior uptrend/buying force. - Consolidating in a narrow range. - Mini coil formation above 10EMA. - Volume contraction.
- Long base VCP setup - Trading in a narrow range - Volume contraction - Low risk entry point
- Strong prior uptrend - VCP formation - Volume dry-up - Forming higher lows - Tight price action - Low risk entry
- 3 months base. - Volatility Contraction Pattern - Low risk entry point. - volume contraction.
- Strong prior buying force. - Consolidation on low volumes. - Low risk entry. - 3T VCP formation.
Prior buying force. Trading in a tight range. Volume dry up. Low risk entry point. Good quarterly earnings.
Strong buying force followed by VCP formation. Price trading in tight range. Volume contraction. Low risk entry.
Good Quarterly Earnings Trading near ATH Strong R.S Base - 3 months long / 30% deep
Out of the base / Base on Base setup High relative strength VCP formation Low risk entry
7 months long base Stock trading in tight range near base high Volatility Contraction Pattern Low risk entry point