APPASIA VCP SETUP

מעודכן
Fall in love with VCP setup trading and would like to share my analysis about VCP trading.

Seems like APPASIA has undergo 3 round of contraction with each contraction smaller that previous!

C1: ~38%
C2: ~16%
C3: ~6%

I believe price will form a pivot point at current stage.
Is a good entry for 1st position.
Once it break 0.740, you can top up for 2nd position.

Support set at 0.620, ~8% risk.

Disclaimer: Not a buy call, buy at your own risk.
הערה
0.680 serve as support now. Awaiting large volume come in to push the price up.
הערה
Hopefully resistance breakout 0.710 can sustain
Chart PatternsTrend AnalysisVCP

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