4 Housing play VMC has decided to go “beast mode” this morning and has risen through my second buy point (one day after blowing through buy point #1). Who am I to argue with the superb momentum this stock is exhibiting?
The window on this stock is a little bit smaller than others; therefore if it can remain above 58.1, I will look to add to my position near the close.
Here is a weekly chart highlighting the volume pocket:
-EM
4 Responses to “VMC: BEAST MODE”
Tpain
This is a great play. Love the volume pocket analysis.
elizamae
Thanks. This one is working quite well so far.
Tpain
Yeah no problem. I picked this as my stock of 2013 with Ragin Cajun. I think it will tap 70+ sometime this year. Your volume profile analyses and insight have guided me on this trade and many others. I love using the volume tool because it is essentially a leading indicator of supply. Couple that with break-out set ups and you increase your odds on every trade.
elizamae
I’m glad to hear you are getting something out of the analysis.
Like I have mentioned in other comments, I have only really started delving into Price by Volume since I started this blog. So it’s certainly in the spirit of ‘learn-as-we-go’. I appreciate how it has forced me to step back and not be so manic and impatient with my trades.
Thanks again for reading.