DLTR experience breakout it huge base (1386 days) on mid Nov with solid volume. Price experience minor pull back for 1 month and attempt to break new high ground again. Daily chart shown to have short base VCP setup. It also shown the resistance to drop while overall market experience major drawdown. Let's see how it act. Disclaimer: Not buy call...
SCNWOLF developing VCP with below contraction. C1: -36% C2: -9% C3: -5% During C2 and C3 contraction, volume observed contract as well. The price and volume interaction is good. Let's see if will pull back another round and form a C4 or it will direct surge up. Prefer to pull back another round for more solid base take off. Disclaimer: Not a buy call...
Would like do predict GUH upcoming movement based on chart pattern analysis. Chart always our best insider. I have done this for several stocks such as CIMB, GREATECH, can see previous idea link in below. GUH formed C1 where major correction occur due to profit taking/cut loss for those that chase high. Price/Volume observed coming back on 24 Dec 2021 and this...
I traded RESINTC back then in Oct 2021 and got profit around 25%. (Previous idea in the ink below) RESINTC experience major profit taking from 12 Nov till 6 Dec. This form the C1. Price and Volume return back strong on 21 Dec 2021 - this caught my attention After that price undergo natural reaction with volume contraction. (C2) Price and volume surge again on...
Happy New Year everyone. Just got back from year end vacation. Have been following MYEG since Nov 2021 (link below), pull back after attempt breakout. (50% of the time pull back will happened in stock market), our job is to monitor if the pull back is a healthy or unhealthy pull back. Seem like this round is natural reaction where pull back <10% range. Price...
Beside the VCP low cheat pattern i shared earlier (link below), SCOMNET also match another pattern called DOUBLE BOTTOM. A: Beginning of the base B: Bottom of the first leg C: Middle of the W (important area) D: Bottom of second leg E: Top of handle (important area) F: Bottom of handle Price/Volume action looking real good! Not sure if a rally will come soon...
Previously i shared CIMB VCP setup on Aug (link below). After the breakout at Aug, price rally up to 18% till 20 Oct. Then the price went for natural reaction with below contraction: C1: -8% C2: -4% C3: -3% This region is tight and consider a low risk entry zone with overall risk around 6%. Let's see if huge demand will come in and breakout strong or not....
YBS observed to have strong price and volume action since Nov. Price surge >100% and retracement less than 25% with healthy volume. Will it continue to attack? Previously i shared OPCOM Powerplay setup manage to gain 40% (can refer to link below) Disclaimer: Not a buy call recommendation, just a sharing in technical analysis with chart pattern based on my...
Recently market is bad and not much stocks showing setup. SCOMNET is one of the least that showing a nice setup. 7% tight area for 10 weeks. Overall price and volume actions are nice! Waiting strong demand and breakout. MYEG still setting up as well. Kindly refer to MYEG link for my pervious sharing. Disclaimer: Not a buy call recommendation, just technical...
CUBESMART experience 2 fake breakout that follow with a contraction. Sky rocket volume then came in 17 Nov and experience another contraction. C1: -13% C2: -6% (after fake breakout) C3: -4% (after fake breakout again) Price recover at pivot area. Awaiting another breakout attempt! Will this round successful? Let's monitor. Disclaimer: Not a buy call...
MYEG developed 280 days VCP with below contraction: C1: -30% C2: -10% C3: -8% Price currently breakout with volume. Looks good. GST coming back? Disclaimer: Not buy call recommendation, just sharing on the chart pattern through technical analysis . Trade at your own risk.
GLOTEC VCP has breakout the tight area recently and experience a pull back. C1: -29% C2: -11% C3: -14% C4: -5% Disclaimer: Not buy call recommendation, just sharing on the chart pattern through technical analysis. Trade at your own risk.
TGUAN use 1 year to setup this huge base VCP. Recent setup come into tight area where the contraction is at 5% risk. C1: -36% C2: -14% C3: -11% C4: -5% Monitor if there will be large demand come in and breakout the tight zone. Disclaimer: Not a buy call recommendation, sharing based on my personal experience in technical analysis and chart pattern. Trade at...
FRONTKN VCP Setup again. This round the base is smaller which around 40 days. C1: -12% C2: -4% C3: -4% QR released 3 Nov. Fundamental FRONRKN no need to mention much. Awesome prospect. And Tech sector is hot right now. Disclaimer: Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
LPX previous breakout from C3 early Oct is unsuccessful where price sell down back. This sell down created C4. This 2 day price shown strong recovery after ER release. C1: -31% C2: -10% C3: -6% (unsuccessful) C4: -13% Tomorrow will be the dividend ex date and let's monitor the movement. Might form a small handle first before attack. Disclaimer: Not a buy...
LAGENDA is showing a VCP setup with below contraction: C1: -32% C2: -7% C3: -3% (tight area) With recent budget 2022 announcement, seem like affordable housing is benefit sector. Awaiting to breakout this tight area. Let's monitor. Disclaimer: Not a buy call recommendation. Just a my personal opinion in technical analysis through chart pattern and technical...
Previously mentioned JFTECH VCP setup in July. Unfortunately, it decide to go another contraction and seem like we have a tight once again. The entire VCP setup shown in Weekly chart as below: C1: -42% C2: -20% C3: -12% C4: -6% Let's monitor if this round successfully breakout with volume follow through or not. Disclaimer: Not a buy call recommendation. Just...
OKA breakout the large base VCP on 4 Oct with volume follow through. After the breakout, it spend around 1 month to form a short base VCP where indicate supply/demand once again stabilize. Can the price surge again? Let's monitor. Disclaimer: Not a buy call recommendation. Just a my personal opinion in technical analysis through chart pattern and technical...