Previously mentioned JFTECH VCP setup in July. Unfortunately, it decide to go another contraction and seem like we have a tight once again.
The entire VCP setup shown in Weekly chart as below:
C1: -42%
C2: -20%
C3: -12%
C4: -6%
Let's monitor if this round successfully breakout with volume follow through or not.
Disclaimer:
Not a buy call recommendation. Just a my personal opinion in technical analysis through chart pattern and technical indicator. Trade at your own risk.
The entire VCP setup shown in Weekly chart as below:
C1: -42%
C2: -20%
C3: -12%
C4: -6%
Let's monitor if this round successfully breakout with volume follow through or not.
Disclaimer:
Not a buy call recommendation. Just a my personal opinion in technical analysis through chart pattern and technical indicator. Trade at your own risk.
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