A nice gap-up move with the formation of a clear pocket pivot (the up volume is significantly higher than any down volume days in prior 10 days time frame). For this I used Bigcharts as I failed to find the feature of "moving average volume" in Commsec (Chart 1).
However, the last pocket pivot was at October 10, 2017 and experienced around 20% gain within a month, continued until November, 8 (chart 2). The best thing about that one was that the violation of 10 DMA at November, 14 can be used to sell the stock with an excellent profit.
Interestingly, these pocket pivots seems to rise from the 7/10 day moving average line.
I am a newbie here and would humbly appreciate any suggestion and modification from experts. Always love to learn.
Best regards.
CGC Price at posting:
$7.18 Sentiment: Buy Disclosure: Held
