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. 2/11
#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-
Detailed Thread🧵 1/11
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. 2/11
point before the stock rose would have given investors buying the stock at good point. 4/11
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. 8/11
More from VCP_Chartist📈
#AllCargo
🎯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
🎯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