VCP Setup with Strong Earnings – Shortter Swing Upside Potential

Nov 7, 2024

Stock: Goldiam International Ltd. (GOLDIAM)

Analysis:
Goldiam International previously had a breakout with volume, and it’s now forming a Volatility Contraction Pattern (VCP) — a bullish setup suggesting potential continuation of the uptrend. Today, the company released its quarterly results showing impressive growth, with Profit After Tax nearly doubling, which supports a bullish outlook. This mix of technical and fundamental strength makes Goldiam attractive for a short-term swing trade.

Technical Setup:

Pattern: Volatility Contraction Pattern (VCP)
Volume: Previous breakout with volume; potential continuation
Catalyst: Positive quarterly results with strong earnings growth
Trade Plan:

Entry: On breakout above recent resistance, ideally with volume
Target: Short-term swing based on previous high or measured move from the breakout
Stop Loss: Below current support level within VCP pattern
Note: Strong earnings may add momentum, making this setup ideal for a short-term swing trade to capture the potential upside.

Dec 2, 2024

Trade active

Now is the best time to take entry

Dec 5, 2024

Note

Superb profits , keep traling profits

Dec 6, 2024

Trade closed: target reached

Excellent profits. exit or keep trailing as per you appetite