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Morepen Labs VCP Studies

Long
NSE:MOREPENLAB   MOREPEN LABORATORI
Sharing VCP analysis of Morepen NSE:MOREPENLAB

Currently 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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