Showing multiple patterns: 7mth H&S, 4mth C&H, 1mth C&H. The stock has been in accumulation since the beginning of the year. Tried to breakout in June on good volumes, pulled back and stabilized in the 175-180 zone. Then made another attempt on massive volume but faced quite a bit of selling. Interestingly, even this volume of selling couldn't push the price...
The stock gave a clean rounding bottom breakout with big volume bars, even created a cluster of volume (a good sign). Pulled back to breakout area on low volume. Stabilizing around the breakout retest. The volume RSI is at its support level, making a possible double bottom. Could start its run up when markets end the bearish streak in coming...
The stock has been running on low volume for last 3yrs. Volume activity started to spike only in the last couple of months. And finally we see a massive volume bar on price breakout. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA...
JKIL has broken out of a key long term S/R level at 172. Been consolidating and taking support at 172 for 6 months. The consolidation range being 172 to 206. Over 2 yrs, it has been accumulated and offloaded equally on big volume bars. This time around, the time seems to be ripe for a breakout, as many real estate stocks are setting up nicely. First target would...
FACTORS TO CONSIDER Multiple patterns: 1.5yr C&H, 3mth C&H, 1mth VCP The price has been stable. Volumes are drying up. 4wk Volume RSI is at its support. The stock may show a move anytime soon. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move,...
The stock broke out of a 3yr rounding bottom on very high volume. Subsequently it came back to test the breakout zone, made a double bottom and consolidated for 8 weeks. Now it seems to have broken out of the consolidation, and looks ready to fly. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle /...
The stock made a bottom on low volume and then started its run up on increasing volumes. Gave a clean volume breakout and returned to test the breakout level. And look at the magnitude of the volume bar on a bounce back from BO level. Looks very strong. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO...
After forming a bottom for 4 years, the stock rose on volume, and it is seeing a significant volume activity near the rounding bottom breakout level. Already consolidated for a couple of weeks. Made a bullish engulfing candle this week. Can breakout anytime soon. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly...
The stock is seeing a huge volume cluster near its long term breakout neckline/trendline. A strong indication that absorption is going on, and the stock may show a huge upside anytime soon. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of...
The stock has given a breakout on very high volume. It consolidated for a while on the long term Down Trendline (on low volume), then gave a decisive BO on big volume bar. On daily chart, it has fallen back to its 20VWMA (609) on very low volume. In all probability, it should not go lower than 609. This offers an extremely low risk of just 1% while the reward is...
Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL...
Looks like an interesting play on catching the bottom. Heavy volumes were seen in the last couple of months while it corrected just about 20%(the decline from 136-110). That is a strong indication of accumulation by smart money. Already at a key S/R Level. RSI divergence is evident over the last few weeks. Wait for a closing above 124 to be doubly sure. Can easily...
The stock is attracting massive volumes near the breakout point. Though it has seen selling at least 2-3 times from this zone, but this time the cluster of volumes seem to be telling a different story. A lot more promise, a lot more resolve to break out. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle...
The stock went into consolidation from March. Has shown wonderful volume activity in the last couple of weeks. Can easily show levels of 250-270. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Daily chart (on a daily close...
The stock broke out of 4yr S/R zone which also happens to be the neckline of the 3yr H&S patterns. If we look at the daily chart, it tested the breakout zone once, and is coming back for another retest. This time the selling volume is slightly higher, but the good thing is, it's decreasing as it approaches the breakout zone, plus there's 20VWMA 1-2% below the...
This seems to be a textbook example of a Cup & Handle breakout. Look at the volumes drying up during the cup formation. And again the volumes were very low during the handle formation. Massive volumes being seen near the breakout area. Not much selling is coming in. This can explode from here to 85 then 95 (the next resistance points). SL: Depending on your risk...
The stock has been making a rounding bottom for about a year now (also the handle of the long term C&H). The setup is a textbook example of a low volume handle, plus the stock is now approaching the breakout point on high volume bars. Caplin point has been a great compounder in the last decade. So it will be on the radar of almost all institutions. I sense some...
The stock shot up on huge volumes, making a volume cluster on the last 6 weeks. A strong signal that something positive is in the offing. Turnaround, orderbook, numbers, it could be anything (or a mix of these things). The breakout happened on very good volumes. The stock has been cooling off for a week on decreasing volumes. Tested the breakout support on lowest...