3A VCP Setup
3A recent developed a VCP setup.
C1: -9%
C2: -8%
C3: -3%
Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through.
After the breakout, there is a 8 days natural reaction occur with volume shrinking.
22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07. Let's see next week how it will develop.
Disclaimer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
C1: -9%
C2: -8%
C3: -3%
Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through.
After the breakout, there is a 8 days natural reaction occur with volume shrinking.
22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07. Let's see next week how it will develop.
Disclaimer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
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