Observed FIAMMA doing a VCP setup with below contraction:
C1: ~ -26%
C2: ~ -5%
C3: ~ -4% (tight area)
C3 contraction recently is tight area - considered as low risk entry zone.
5, 9, 12 Aug volume looks decent. Let's see if it will continue rally before QR or not. Need to take note on QR this month. Strategy will be FIFO before QR.
Disclaimer:
Not a buy call recommendation. Just my personal analysis based on chart pattern and trend. Trade at your own risk.
C1: ~ -26%
C2: ~ -5%
C3: ~ -4% (tight area)
C3 contraction recently is tight area - considered as low risk entry zone.
5, 9, 12 Aug volume looks decent. Let's see if it will continue rally before QR or not. Need to take note on QR this month. Strategy will be FIFO before QR.
Disclaimer:
Not a buy call recommendation. Just my personal analysis based on chart pattern and trend. Trade at your own risk.
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GAMUDA VCP SETUP
adamkhoosk
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