High Growth Stocks that are under hyped? Strong Momentum StocksIn the mid of Dec 2020, I subscribed a newsletter that sends me one stock per week to provide a briefing in the fundamental of the company such as how the company works, how it solves the problem, product, strength, weakness, growth prospects, financial numbers, etc…In terms of the information provided, it is more than enough for me as a trader, who only look at the price action and the volume.
What I find interesting for these stocks is they generally has something in common, which is strong momentum. This is certainly an attractive point for swing trading. Let's take a look this stock watchlist including OMXSTO:EVO (Evolution Gaming Group AB), OMXSTO:EMBRAC_B (Embracer Group AB SER. B), NYSE:FTCH (Farfetch Ltd), NASDAQ:MWK (Mohawk Group Holdings INC), NASDAQ:OPEN (OpenDoor Technologies INC), NYSE:SKLZ (Skillz INC), NASDAQ:UPST (Upstart HLDGS INC), and analyze from the price action trading and Wyckoff analysis aspects.
VSA
Another Re-Accumulation Between 37k and 40k #WyckoffAnother Re-Accumulation Between 37k and 40k pretty much guarantees a move above 40k and re-establishes the strength within this market
At these previously unexplored heights we cannot rely on old price performance to determine where the next potential resistance area is - this is why psychological levels are more important than ever. If 40k is bypassed the next logical major psychological level is 45k then 50k
Alibaba (BABA) Crashes -Is Jack Ma Missing? - Buy or SellAlibaba (BABA) has plunged 34% since Oct 2020 with lots of negative news going on. Is BABA hitting the bottom yet or further distribution to come?
The negative news ranged from suspend of ANT's IPO, investigation over monopolistic behavior, Jack Ma's missing, executive order to ban Alipay and plan to ban Americans from investing BABA, etc…All these bad news are still unfolding with lots of selling of BABA in the background.
Let's look at BABA based on price action trading aspect from long term, medium term and short term aspects, with only price and volume to determine if BABA hit the bottom yet and what to expect next.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
<TradeVSA> SPH - Pullback Completed?? Really for the breakout!1. Accumulation with Reversal
- Strong breakout with volume
2. Pullback
- Back to support with low volume
3. Green Pentagon
- Increasing volume on upbar
- Above 20 / 40 MA
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Guocoland - Supported above Gap...Pullback is Ready?1. Long Period Accumulation
- Narrow spread bar low volume
2. Reversal Setup
- High volume upbar
- Crossing above 20 / 40MA
3. Gap Up above Major Resistance
- Big gap with UT
- Price still at the gap
4. Tested well at new support
- Volume low with narrow spread bars
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Cosco - increasing momentum1. Accumulation stage
- low volume with narrow spread bar
- 20/40 MA golden cross spotted
-incresing price and volume trigerred green pentagon
2. Mark up stage
- gap up with increasing volume
-price well supported above the gap
-price sideway approaching 20 MA , support formed around 0.255
3. Daily COC formed
-three narrow spread bar with low volume formed
-followed by green pentagon with increasing volume
- Line Change signal and No Supply signal appeared , ready for next mark-up
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Geshen - Pocket Pivot in Re-accumulation1. Accumulation Stage
- Change in behaviour with increase on volume
- Green Pentagon in accumulation
- Shakeout completed
2. Re-accumulation Stage
- Climatic volume on Line Change
- Supported well with No Supply and Spring signal
- Pocket Pivot
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Micron (MU.Nasdaq) - Confirmation on Re-accumulation1. Continuation on Uptrend
- Healthy uptrend with no climatic volume
2. Re-accumulation
- No major weakness at resistance
- High volume breaking above resistance
Disclaimer: This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
<TradeVSA> CCK - First Pullback from Accumulation1. Shakeout completed
- removal of weakhand holders
2. Long period accumulation
- Shakeout in accumulation
- False breakout in accumulation
- Lots of upbar with increasing volume
3. Change in trend with high volume
- Pullback
- Testing major resistance
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Topglov - Inverse Pullback & Continuation Mark-Down Sign of Weakness in the chart
1. Red Pentagon + Price breaking below 20/40MA
- Potential change of trend from Distribution to Mark-Down
2. Confirmation on mark-down and inverse pullback with Up-Thrust
- Rejection on 40MA
3. Green Pentagon but no follow thru above 20/40MA
- Confirmation on weakness in the background
4. No Demand appeared on 40MA
5. Up-thrust at 40MA.
- Price reject again to change the trend
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Price will mark-up further soon ?Sign of Strength in the Chart
1. Change of trend with high volume
- Downtrend to accumulation
2. Long period accumulation
- shakeout and false breakout spotted in the accumulation.
3. Breaking above accumulation
- Currently price pulling back to support to try seller
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> SunPower Continue Mark-Up Stage after PullbackSign of Strength:
1. Accumulation with low volume and narrow spread bar
2. Green Pentagon with increasing volume
3. Pullback with no major weakness
4. Recently Green Pentagon indicates continuation of the trend
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> MVIS strong uptrend with Pullback in Hourly ChartSign of Strength and Weakness
1. Daily Chart
- Green Pentagon / Uptrend
- No Major Weakness
- Still supported at the gap
2. Hourly Chart
- Red Pentagon after Up-Thrust
- Spring at 40MA
- Looking for entry with hourly Green Pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Johotin - Pullback Completed and Mark-up Soon?1. Daily Chart
- Pullback with Green Pentagon
- 2 No Supply (NS) Signal at the new support
- Trading close with support with low volume
2. Weekly Chart
- Uptrending since high volume Green Pentagon
- No major weakness
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock