Cup and Handle baseVCP characteristics.
Exhibiting strong relative strength.
volume dry ups along the base, good buying volumes and trading above key moving averages.
Broader market is weak, therefore sizing 10% of portfolio.
Buy-Stop order set at 249.75
Publishing for my own reference. Not an investment/trading advise.
VCP
PRCT Biotech Power Play Biotech Power Play (164% increase since Jan low). Consolidated making a nice VCP with a constructive shakeout below the 50 day giving tennis ball action immediately with very nice up volume vs down volume.
Avg Cost: 42.10
Stop: 38.55
Risk: 8.43%
$ Risk: 675 usd--> 8K position size, .55% portfolio weight.
Wanted to buy full "Positioning Size"-->1k risk, but stock moved to fast.
DHX text book breakoutText book breakout on a low priced name.
Had a stage 2 breakout on past July. Its been consolidating very nicely this year making a perfect vcp base with a constructive shakeout and a handle that just gave an entry.
AVG Cost: 7.14
Stop: 6.40
Position: 8K 1.5% of Portfolio.
Stop % Risk: 10.36%
Money Risk: 800 K--> Almost Full Positioning
Now overall exposure 19.42%
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.
vcp characteristicsbreaking out of the base
exhibiting strong RS while indices are down more than 1.5%, this stock is up 1% and holding the key moving averages
volume dry up in the base
big buying volumes
pilot position - buy stop order at 944
SL 899
Publishing for my own reference.
Not an investment/trading advise.
CHGP Weekly VCP SetupCHGP caught my attention when i study it's weekly chart. The base has been developed for 420 days.
C1: -17% (224 days)
C2: -12%
C3: -4%
The price and volume action is well developed. Let see if it will breakout the huge resistance at 0.960 or not.
Disclaimer:
Not buy call recommendation. My personal interest in technical analysis based on chart pattern and trend. Trade at your own risk.