US stocks setting up VCPs for possible buys (Minervini template)Todays list of stock showing VCP qualities.
Trade safely! As i commented under the last video - number of names completely cancelled VCP setup by moving through the bottom range.
In this video i also share the combination of VCP with UCR (undercut rally as per Gil Morales).
Safe trading to all!
Vcppattern
List of US stocks setting up VCPs for possible long entriesResult of our VCPSniper analysis helping us (and you) to quickly scan through 1000s of names to create a short list of actionable stocks. We always look for price tightness and trend template criteria as defined by Mark Minervini.
We publish videos couple of times a week and also add additional analysis on stock by stock basis.
The entry should be at the break of the VCP and stop loss MUST be always in place. Your entry needs to take into account your risk appetite. Do not chase stocks that gapped up! There will be another day!.
Why is it better to wait for move up out of VCP!!! <= IMPORTANT!it might be tempting to buy within VCP ... but is it still so when you look at what happened to VGR?
Once you have been caught in a move like that ... you learn very fast :)
ALWAYS apply risk management where size of your position is in line with your risk apetite!
Happy trading!
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!!!
VCP Pattern for a Long Christmas Rally TradeI love being wrong.
why? Because I always learn something from my mistakes.
If you are making mistakes, and learning from them, you'll always be winning in trading.
I may lose money on a trade, But I learn a valuable lesson.
I have been trying to find a Christmas Rally trade
that lines up with the traditional pullback from the quad witching tomorrow.
Thats when I found thhis Volatility Contraction Pattern (VCP) from a fintwit. It really is a treasure trove of ideas for someone like me.
I'm looking for a pullback to continue into tomorrow AM - 3pm before the start of a Christmas rally into the new year.
I plan on averaging down after any significant pullback tomorrow in the AM for Jan Calls.
Low Risk Alt coins to buy and WHY BTC is so Bullish!!!! Before starting anything, let me be clear these all are my speculations and fun ideas and are for education purposes and these IDEAS can totally be WRONG and Market can do anything or whatever it wants.
Btc right now is showing really good enormous Bullish strength and is closing down chapter of Bear Case for now at least.
Reason to WHY BTC is looking so bullish right now :-
1) From Elliot Wave perspective and because of such bullish Price action of BTC, EW Speculative count is now pointing for a highly likelyhood of 4th Wave finishing down at 30k and we are in Wave 3 of Primary Wave 5 :
2) Very Bullish Monthly candle supported with volume :
3) Bitcoin is making rising wedge on Monthly chart and plenty room left to run to $112,000 to $150,000 dollars and RSI also has plenty of room left before being overbought :
---------- Low Risk ALT Coins to Buy :- -------------
1) Convergence Coin - Making Famous VCP Pattern and in consolidation at low price range for a while and is in accumulation. Risk involved 30% :
2) Dydx Token - Bull flag beautiful breakout with volume and Quite low risk trade :
3) AlgoRand - Low Risk trade and Algo is making very good VCP pattern and is in consolidation from a month now :
4) Bitcoin Gold - High Reward and 33% Risk involving play. Making Fifth wave as per speculative EW Count and also about to breakout from a Potential Bull flag :
5) DigiByte - High Reward and 26% Risk involved Trade. DGB is down 70% from ATH and quite known coin and can take off when that big Weekly Bull flag plays out and Wave 3 can be quite big for DGB :
I would appreciate any sort of feedback from TV Community and please comment your say in comments below.
If you want me to look at any good coins or tokens that are at low please feel free to comment it below and i will try to check it out and post idea about those coins that are most mentioned.
Rest, Enjoy everyone.
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).
Shopper Stop - VCP breakoutThe script has broke out from the resistance, retraced and showing continuation from resistance turned support.
It has formed a VCP pattern as well. Tight candlesticks before breakout indicating supply absorption.
Looks good for a swing trade.
Only for educational purpose.
Capital Bancopr $CBNK waiting for earning reportThe commercial bank is making an ascending traingle, or a volatility contraction pattern. Volume is been declining throughout the formation and the price is above the 21 and 50 day MA. Also, has a IBD relative strength rating of 93. These are good technicals.
Next week reports earnings and the estimates are a $0.60 EPS, anything could happen after that report. I can't find the options activity so I don't know what the market expects. The thing is that NASDAQ:CBNK is been beating estimates for the last 4 quarters, has an inter annual revenue growth of +50% and a ROIC of 43%, those are good fundamentals. Is confirmed by IBD placing NASDAQ:CBNK number 4 in its Industry Group.
I normally use a 1.50% percentage filter above the breakout zone so, I'll be placing a BUY STOP at $25.30 with a STOP LOSS at $23.22. This first buy will be with half of my position sizing. I f it works I'll buy with the other half.
US Stocks - M. Minervini trend template and signs of VCPsSelection of US listed stocks meeting Mark Minervini's trend template and showing signs of VCP (Volatility Contraction Pattern).
Recorded on Oct 18th.
US Stocks meeting M. Minervini's trend template with VCPs markedIn the attached recording we share with you the results of the weekend chart study. A list of stocks meeting M. Minervini's trend template. We also share those where we see some VCPs.
All studies are done solely by us and based on great books written by Mr Minervini who remains to be an inspiration for us.
American States W. $AWR, defensive stock going up after a VCPAfter NYSE:AWR made a good breakout with a break away gap from a Volatility Contraction Pattern, is making a good and strong follow through. Also, the MACD is positive and going up.
The quotient against the SP:SPX shows good realtive strength against the market; IBD Investors gives a 72 relative strength rating, and is #3 in its industry group. NYSE:AWK is leading the price action of the Utility-Water Supply Industry
Now the price is resting between $91 and $88. I will be looking for a breakout above that area to enter a position. With a risk/reward ratio of 3:1 it looks like a good trade. If the price follows through after that breakut I'll add to the position once the price breaks above $96 which is an area of strong resistance.
<TradeVSA> Re-accumulation with VCP. Ready for Breakout?Sign of Strength in the chart:
1. Re-accumulation with VCP setup
2. NS signal near support
3. Weekly chart holding at support
Case Study:
1. VSTECS
2. DNEX
3. PIE
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
SNC VCP SETUPDisclaimer:
Analysis based on my experience and not a buy call recommendation. Trade at your own risk.