VCP development in CAMS
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout.
Observations :
1. Multiple Contractions vcp-1@ 22% , VCP-2 @ 8% and VCP-3 4 % - shows price tightening
2. Volume dry up-
3.Higher low formation -
This is not a buy sell recommendation - only for study purpose .
Observations :
1. Multiple Contractions vcp-1@ 22% , VCP-2 @ 8% and VCP-3 4 % - shows price tightening
2. Volume dry up-
3.Higher low formation -
This is not a buy sell recommendation - only for study purpose .
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.
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.