A Minervini Volatility Contraction Pattern (VCP) within a confirmed uptrend is a great way to identify super-performers ready to break out. The pattern shows price action with higher lows while volume is decreasing, signaling that sellers are dwindling and what is left are long term holders. With a little additional demand, and no supply, prices can accelerate quickly.
This one has been developing for 12 weeks. And its Apple!
The 10d ATR (x2.7) suggests a tight 5.59% stop which would allow for an R17.88 position size.
You could also use a technical stop at 112.59 (7.71%) stop from the 121.99 buy point with a position size of R12.97.
Either way it will be exciting to see this one break out after going sideways for awhile. It will be a boost to the whole market.
This one has been developing for 12 weeks. And its Apple!
The 10d ATR (x2.7) suggests a tight 5.59% stop which would allow for an R17.88 position size.
You could also use a technical stop at 112.59 (7.71%) stop from the 121.99 buy point with a position size of R12.97.
Either way it will be exciting to see this one break out after going sideways for awhile. It will be a boost to the whole market.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.