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.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。