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VCP

Water supply ETF $CGW may explote to the upsideIs in a confirmed uptrend and now after a volatility contraction pattern (VCP), AMEX:CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio. NASDAQ:PIO , another water supply ETF is behaving very similarly but, I prefer AMEX:CGW because it has had better historical returns. But still, could be a good trade. Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are NYSE:DHR and NYSE:AWK .
AMEX:CGWLong
by dpuleo19
1
ES - Volatility Contraction PatternExpanding on the Volatility Contraction Pattern trade into XMAS. 1. Strong Underlying Demand Elevated Relative Volume compared to prior days’ average A premarket gap or explosive move off the open The potential for a breakout on higher time frames Underlying significant support (20D-50D moving average) Inability to breakdown 2.Recent Overbought / Supply Pressure Higher lows Extreme price contraction on low volume 3.Diminishing Suppy Characteristics Begin to see the wave tightening Consolidation into 20D,50D Moving Average 4.Decreasing Volatility 5. Explosive Breakout (TBD) !!!Not Trading Advice. Just a Bag Holder!!!
CME_MINI:ES1!Long
by SPYvsGME
CIMB VCP SETUP AGAINPreviously 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. Disclaimer: Not a buy call recommendation, just technical analysis sharing based on chart pattern and technical indicator. Trade at your own risk.
MYX:CIMBLong
by adamkhoosk
(US) CUBESMART VCPCUBESMART 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 recommendation, sharing based on my personal experience in technical analysis and chart pattern. Trade at your own risk.
NYSE:CUBELong
by adamkhoosk
DNEX Techincal AnalysisMany gurus & group have already done their analysis on the future prospects of the company so let's talk about the technical part of the share movement of the company for the past 8 months. From 0.20 to highest 1.05 in just 2 months with return of approx 450% during early of the year 2021, I believe many investors and traders have benefited from the drastic share movement of the company especially from the company warrant WD. Sky rocketing of a company share price in short period usually will draw market attention hence triggered profit taking from investors and traders. This is not the case similar to Genetec company with share volume of only 52m made easier to push the company share price. Dnex is a extremely heavy on its share volume of 3,090m especially after conversion of the company warrants and Private Placement. Hence, the company share price needs time to digest after shooting 450% in just 2 months. I've seen many groups and gurus keep shouting on this company recently in telegram with their analysis of breakout from the triangle chart pattern (although I expect them to do thorough and meaningful chart analysis instead of just saying breakout from triangle chart pattern as I think most traders also know how to see lol). I don't know they are real investors or just want to speculate on this counter since the company share volume is real heavy but hopefully the market will soon treat it as a company with fundamental but not penny stock. For the past 8 months, the share movement have went through 5 contractions/sell-down and every contraction kept narrowed as follow (refer to chart as well): -39.41% in 56 days -29.56% in 27 days -17.73% in 22 days -12.84% in 12 days -6.14% in 4 days The figures shown above are showing diminishing supply characteristics with decreasing volatility (refer to volume based on 20 MA showing downtrend line since March 2021) and it fulfill the characteristics of Volatility Contraction Pattern or VCP. Characteristics of VPC 1.) Strong Underlying Demand; 2.) Overbought comes with Strong Selling Pressure; (Demand < Supply) 3.) Diminishing Supply Characteristics; 4.) Decreasing Volatility; 5.) Explosive Breakout (Demand > Supply) Also to notice the chart pattern kept forming higher low and also with lower high but recent chart pattern seems want to form higher high which is a good signal for the share movement. Nobody will know how's the share price movement in future but in order to in tact with the ideal chart pattern, the share price must be supported at 0.82 & 0.80. VCP is a very common theory in share market and everyone in share market also knows it. Most of the time the movement of a share price will not follow exactly the theory (sometimes the chart pattern too perfect I will scare also haha) we learnt so do your risk management before enter a trade but hopefully it will works this time (been tortured for so many times in counter as an investor haha).
MYX:DNEXLong
by WilliamKong91