RE: UK Stocks and ETFs - Watchlist and Discussion
(2020-08-18, 10:27 AM)isatrader Wrote: AVCT.L is showing the signs of Volatility Contraction Pattern, following a massive 500%+ move in April/May, and currently sitting just under the pivot level above the 50 day MA with very quiet volume. Watching for breakout on strong relative volume
WOW!! this was a textbook-perfect buy back in April when it broke out around 30 to 40 bucks. I keep seeing these stocks that broke out in April-May but I can't find anything right now that resembles what we are looking for (breakout on huge volume, rising MA and no overhead resistance).
Isa, in your experience, how often do these perfect patterns come by? Also, do you have an advice to spot them early? I know this is the $1M question but just wondering if you developed something over the years that helps you identify these stocks as they breakout into Stage 2.
Thanks