Institutional investors do not like to buy breakouts to new highs. In fact, they generally prefer to buy stocks off of their lows, and sometimes the lower the better.
#Pocketpivot and it's characteristics:-
pocket pivot,” or “buying in the pocket,” is an early base
breakout indicator, which is designed to find buyable pivot points within a stock’s base shortly before the stock actually breaks out of its chart base-
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Institutional investors do not like to buy breakouts to new highs. In fact, they generally prefer to buy stocks off of their lows, and sometimes the lower the better.
point before the stock rose would have given investors buying the stock at good point.
If the stock character is such that it tended to respect it's 10day moving average on it's prior price run before building it's current base then we might use 10dayMA as selling guide.
More from VCP_Chartist📈
🎯Setting up nicely in 10EMA
🎯 Excellent base formation with numerous squats, shakeout and pocket pivots
🎯EPS rate 90, RS rating 80
More detail in thread
@swing_ka_sultan
@Accuracy_Invst @YTA_School @Capt_Kaushaljha @Jitendra_stock @ https://t.co/CRbRYT5feV
#AllCargo
— VCP Charts\U0001f4c8 (@vcpcharts) April 17, 2022
\U0001f3afGood accumulation from base bottom
\U0001f3af Pocket pivots and shakeout will give strength for breakout
\U0001f3af RS strength-81
\U0001f3af EPS strength-90
\U0001f3af Expecting more tightness near pivot point for entry@Accuracy_Invst @swing_ka_sultan @StocksNerd @VVVStockAnalyst @charts_zone pic.twitter.com/yb6pX4Kro5
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K