4T VCP
Setting up nicely. Price action is getting tighter with Higher lows getting near the horizontal resistance.
Volume is significantly low during pull backs and high during up move + Bounces are way too much aggressive as compared to pull backs.
50 EMA was undercut during the pull back once but then bounced back strongly. This time price bounced from 50 EMA.
Now the range is getting tighter, There is very less space for movement.
Looks like it is ready for a BO. As per the past price action the stock gives aggressive BO.
Volume is significantly low during pull backs and high during up move + Bounces are way too much aggressive as compared to pull backs.
50 EMA was undercut during the pull back once but then bounced back strongly. This time price bounced from 50 EMA.
Now the range is getting tighter, There is very less space for movement.
Looks like it is ready for a BO. As per the past price action the stock gives aggressive BO.
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Join My TELEGRAM for FREE t.me/Chartshala
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.