RANC (POWER PLAY)RANC offers another pivot at a low cheat area with a very small risk, I am expecting some breakout in the next few days.
Lowcheat
YELO (LOW CHEAT)Setting up a low cheat here, I like the commonalities compared to the latest low cheat buy area.
Accompanied by huge vol on advanced and lower vol on a pullback.
More tightness in price in upcoming days is a good sign, this stock is on my watch now.
DIVA (LOW CHEAT)Very interesting name that setting up a low cheat pivot area. The stock has the Code 33 , I also can see a double bottom there.
I am watching closely.
ASSA (VCP - 10W 25/4 4T)A very profound example of VCP that I missed a few weeks ago, now it develops another buy point at a pullback here.
The commonalities at its both pivot area are fascinating. I like to see a breakout very soon.
DIVA (LOW CHEAT)Buying on a pullback today, I have a position with very low risk. The stock has code 33 on fundamental, I like to see some follow-throughs and tennis ball action here.
FLMC (LOW CHEAT)I have been stopped out twice on this stock since its power play base failure a couple of weeks ago. FLMC is now re-setting and developing its low cheat base, offering me to enter a trade once again. I really like the inside day on this stock.
CMNT (PRIMARY BASE)Early primary base after it went IPO two weeks ago in small cheat area. Stock will likely go break out pivot area across that previous inside day.
DMMX (LOW CHEAT)I have a starting position today with a very tight stop. I like to see if it can hold and follow through.
KEEN (CHEAT AREA)I add some positions today.
A lot of stocks have undergone a failed breakout these days, I trade very carefully now.
KEEN (CHEAT AREA)The stock is currently developing a cheat area on the right side, I am watching this closely.
MRAT (LOW CHEAT)I have a position in this low cheat area. I like to see if it can hold or follow through.
BABP (LOW CHEAT)An expert buy from a creative low cheat entry. This is an advance action if breaks out that line, worth considering buying a starting position at that level.
LPLI (LOW CHEAT)It actualy needs sometime to make it symetrical as it comes from huge decline more than 50%. Still a lot overhead supply on the left side but this worth a starting position at a low cheat area.
KIOS (LOW CHEAT)Watchlist
Setting up a low cheat area with VCP characteristics, I would like to see a few more days before it breaks out. Volume needs to decrease a bit down to make the play fine as old wine.
CENT (POWER PLAY)Setting up a low cheat, I like how it develops its pivot area with strong volume and RS line. Moreover, I can see there is a small lower cheat within the pattern, a fractal, a profound sign of superperformance.
Unity $U formming a "low cheat"I usually have a number of stocks that I like because of the fundamentals, and I just wait for the technicals to do what I like. This time NYSE:U is doing it in a very good way. The price is not yet above its MAs but it has a strong divergence with the MACD and the ADX is below 20 points, all this while formming a "low cheat" which is like a mini "cup & handle" (I learned this reading Mark Minervini).
Normally the "cup & handle" pattern is one of the best reversal patterns, adding this with the other technical signals I think this stock is close to a buy point. Still, for my strategy this setup is high risk. I always wait for confirmation with a second base. IBD has NYSE:U in rank 7 in its industry, and a realtive stength rating of 37; not my usual stock.
The thing adding to my optimism is that breakouts have been working better for the last 2 weeks. I even missed a few stocks because I was being cautious. With this one I would add just half my position size and if it goes my way I'll add my full postion.
LOW CHEAT - BANKI have a position today at $BANK, coming from a low cheat area. I am using a creative entry at a very neat entry point. I also set a stop loss at a very tight area.
LOW CHEAT - SAMEWatching at a very tight price at $SAME, very constructive as the supply dried. Looking to see a breakout
