Very tight price contractionI do like this setup with not only narrow price action but also reduced volume. Key will be to break out of 215 price level.
VCP
Possible VCP on real estate ETF - XLREI do not post ETFs very often - here is something i see today. Not a clear template (missing the triangles) but setting up a narrow price contraction. Looking forward how this will develop now.
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.
WONDERLA - VCP2 pattern Wonderla holidays chart has formed a nice VCP 2 pattern with above avg volumes and RSI above 60, Entry, SL, TGT marked in chart
ARNA (VCP - 26W 20/7 3T)I got my position early in the morning, the stock broke out with huge volume.
It squatted during the day, but it closes quite nicely.
$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move .
For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction.
My bias is to the upside and am long here with a stop being close outside of triangle with confirmation.
Almost forgot, that MACD is looking juicy as well : )
Possible breakout to new All Time High from VCP characteristicSWCH shows a possible setup to new ATH (all time high) from a VCP characteristic. It is a relatively new name (IPOed in 2017) and since 2019 showing some real strength - last few days look like a consolidation at the top - no pump and dump. Key level is 31.80. To make the picture look better - i am missing a below average volume - sadly it is above average - so caution is advised.
To train your eye - look back at 'cheat' VCP as we saw it back in March - and at that time we had nice volume compression.
So ... you can keep it on your radar - though as always MANAGE RISK!
US Stock In Play: $CRC$CRC - almost 75% Institutional ownership in this O&G name to its float. coincidentally, the current 7 months base pattern is met with positive Up/Down Volume ratio at 1.3 reflecting, high possibility of fund accumulation during the phase.
clean pivot at $47 for BO
Possible Cup&Handle CTAS comes from manual screening outside of VCPSniper. What i like about this one is that it is showing us signs of strengths through VCP, volume does not indicate distribution, stock belongs to 'dividend aristocrats' list.
As alwasy - manage your risk.
A cheat entry from VCP ....?Here comes another possible VCP entry based on VCPSniper filtering. I do like how we see the higher lows, 50SMA is turning around, 200SMA continues its upward move. 64.76 is the key price point however be aware of the wider market context we are seeing now so manage your risk accordingly.
A possible coiling ahead of breakout?Oil group has been one of the strongest recently. While doing my scanning i came across this one. Looks good for me .... tight price action ... however ... many of the breakouts recently showed signs of weakness therefore caution is advised.
VCP - IPO baseIPO base
Dry up in volumes.
Publishing for my own reference.
Not an investment/trading advise.
VCPStock is trading above the key moving averages.
Volume dry up over the base.
Institutional signs of accumulation.
Publishing for my own reference. Not an investment/trading advise.
FGV VCP SetupFGV developing VCP with 2 contraction. Price and volume interaction looks good!
C1: -17%
C2: -4%
Price breakout on 5 April. Let's see if will further attack!
Disclaimer:
Not a buy call recommendation, just technical analysis sharing based on chart pattern and trend. Trade at your own risk.
VCPVCP characteristics. Though process mentioned on the charts.
Pocket pivots along the base with dry up in volumes.
Publishing for own reference. Not an investment/trading advise.
PANTECH VCP + Double Bottom SetupPANTECH showing VCP setup with below contraction:
C1: -14%
C2: -3%
C3: -3%
C4: -6%
At the same time, chart also showing a double bottom setup (Black line path)
Handle forming in progress. Let's see if can breakout previous high or not.
Disclaimer:
Not buy call recommendation. Technical analysis sharing based on chart pattern and trend. Trade at your own risk.
US Stock In Play: $ZI$ZI very clustered chart at first look but plenty of significant technical build up in this name
-double bottom basing chart with RS since feb
-2 weeks price coiling between both VWAPs IPO and ATH
-price action rejection at 200MA on 3 period since jan
all points to $61 breakout
End phase correctionSuspected to be the end of rally. Failed to breakout the final volatility contraction, and most likely will reach 200 MAs.
Have not done macro& fundamental research on this one. Just scheming thru.
$SCCO Bullish Copper ChartSCCO is a nice setup in my opinion. After a nice +250% rally, SCCO has formed a solid VCP pattern with nice rounded base and appears to be ready for the next leg up.
Started a position here and will add on a break above 80.
For those looking for less, risk can alarm the breakout and go long there, as we may get one more dip to shake out weak hands before more upside.
I'm long the JUN 90 calls to give this trade time to work , with 2,300 OI
First price target $96
UST10yr to test 2.0% before going up to 2.4%Supported by macro outlook of inflationary pressure, defined in details using technical analysis from support and resistance as well as volatility contraction pattern (VCP).
$L Loews with nice VCP breakoutLoews weekly chart appears to be breaking out of a volatility contraction pattern , with price coming out of a nice rounded base and aiming for next leg up.
I am long shares at $63 and will add as this grinds higher, trade invalidated and stop loss at -8% or $58.05
First price target $66
