Sharing VCP analysis of Morepen 
MOREPENLAB
Currently in Advancing Stage
VCP Studies:
*Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.
Finally after 4 weeks of testing patience, Morepen broke out.
Basing Stage:
*VCP Formed = 291 days, until successful breakout
MOREPENLABCurrently in Advancing Stage
- In Less than 4 Weeks (26 sessions)
Net Gain after Breakout = 106%
Flag Pole was 80% High
Consolidation was 291 sessions
VCP Studies:
*Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.
Finally after 4 weeks of testing patience, Morepen broke out.
Basing Stage:
*VCP Formed = 291 days, until successful breakout
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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.