๐จ Why You Should NEVER Ignore an IPO Base Breakout! ๐๐ฅ
Some IPO stocks spend days, weeks or months doing absolutely nothingโฆ
Then they break out of the base and suddenly BOOM ๐ฅ๐
A clean IPO base + strong breakout + volume can sometimes lead to massive momentum moves.
Here are 8 IPO breakout charts worth studying this weekend ๐๐งต
1. Omnitech Engineering
๐You don't need a new strategy
โ Just trade momentum on leading stocks and themes
Momentum โ pullback โ tight range โ expansion.
Go through my twitter feed , Some of my Biggest winners of this Year all have these Qualities
#MTARTECH : 126%
#TBZ : 127%
#CEMPRO : 80%
Moreover , these entries are not posted EOD (end of day) after the stock has already moved ....
These Entries are posted real time some are around 9.18 am also......
If you are serious about learning .....
This will be your shot towards improving your trading
๐ฉDetailed Thread on VCP (Volatility Contraction Pattern)
๐ขA VCP pattern, or Volatility Contraction Pattern, :-
It is a powerful technical analysis chart formation showing a stock consolidating in a tightening range (like a series of smaller cups/bases) after a strong uptrend, indicating supply drying up, building energy, and setting up for a significant breakout with heavy volume.
๐Key Characteristics of a VCP
1โฃStrong Prior Uptrend:
The pattern forms within an existing bullish trend (Stage 2)
2โฃPrice Contractions:
A series of 2-5 smaller pullbacks (like mini-bases or "cups") where each dip is shallower than the last, creating higher lows
3โฃContracting Volatility & Volume:
Price swings get smaller (tighter) with each pullback, and trading volume decreases as sellers exhaust themselves.
4โฃClear Pivot Point:
A distinct resistance level (the last swing high) that the price needs to break through.
5โฃBreakout:
A sharp upward move through the pivot point on heavy volume, signaling the end of the consolidation and the start of a new uptrend.
Sharing some real - world examples๐
๐Trading is all about Pattern Recognition & they say history repeats itself
If you want to know whether breakout will work or not
"Study History "
Sharing 4 Charts of #JBMA , #KIRLPNU, #ABCAPITAL, #GNFC
#KIRLPNU - Breakout Happened Today & Rest three are old charts.
"BUT"
They all have one thing common -
" Extreme Tight Day Prior to Breakout"
Top 10 stocks with strong breakout and potential breakout setups with good volumes ๐ฅ
Upside swing potential of 20-50%
Save this post ๐
1. Yasho Industries