ABOUT This idea post is showing some of my longer term stocks that are creating a good structural bases. Following are going to be a list with annotations for each stock as well as what I am seeing. I will be updating through out the week when I finish my full screening.
ABOUT ME & MY TRADING STYLE I have over 15 years trading experience. In that time I have tried most of the things that any new trader might do: options, forex, futures, day trading, position trading, scalping, quant, automated systems. Read +200 books on different trading aspects. In that time my style formed best explained as:
Breakout Trader
Trading US Stocks & Crypto
On a swing timeframe
80% technical & 20% fundamental
THE IDEAS Stock 1: WING Forming a flat to ascending base. I like the close on 1MAY warnings day and the subsequent support on the stock.
Stock 2: ALAB Newer IPO base good as it goes above the new high. Its a Semiconductor and could be put in as an AI play.
Stock 3: GCT Forming nice consolidation. It could develop as Volatility Contraction Pattern but requires 1) at least one more contraction 2) last rank before the breakout has to be a single digit contraction <-9% high to low on the pivot contraction.
Stock 4: OSCR This is showing a nice cup with handle pattern. The handle is good to be a bit deeper but if it moves over the horizontal line with volume it would be buyable. Be ware 07MAY - Earnings!
Stock 5: DDOG This is a lower quality name. Could provide for a quick trade from this cheat setup (lower consolidation within the base). Above $134 would be breaking out.