Nothing will work in this market. Protecting capital is all that needs to be done.#SmallCap index still seems weak. I'm not seeing any signs of reversing. More declines are expected from current levels. Double top target-8900

#Pocketpivot and it's characteristics:-

pocket pivot,” or “buying in the pocket,” is an early base
breakout indicator, which is designed to find buyable pivot points within a stock’s base shortly before the stock actually breaks out of its chart base-
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or consolidation and emerges into new high price ground.
Institutional investors do not like to buy breakouts to new highs. In fact, they generally prefer to buy stocks off of their lows, and sometimes the lower the better. 2/11

Of course, if we think about this for just one second we realize that it is the institutions that create the bottoms of chart bases, including the volume/accumulation clues along the lows of a constructive base formation. If investors had bought the breakout to new highs, 3/11

the sharp pullback below the 10-day moving average might have caused them to be shaken out of their position.However, buying on the pocket pivot buy
point before the stock rose would have given investors buying the stock at good point. 4/11

A pocket pivot points generally occurs within the stocks chart base, before the standard new-high breakout buy point appears. Pocket pivots can also appear as continuation buy point as stock move higher after launching out of a chart base or consolidation. 5/11

TREND TEMPLATE CRITERIA by the Legend @markminervini

A stock must meet all eight criteria to be deemed in a confirmed stage 2 uptrend.

1. Stock price is above both the 150-day (30-week) and the 200-day (40week) moving average price lines.

A Thread🧵

2. The 150-day moving average is above the 200-day moving average

3. The 200-day moving average line is trending up for at least 1-month (preferably 4 to 5 months or longer).

4. The 50-day (10-week moving average) is above both the 150-day and the 200-day moving averages.

5. The current stock price is at least 25 percent above its 52-week low. (Many of the best selections will be 100 percent, 300 percent, or more above their 52-week low before they emerge from a healthy consolidation period and mount a large-scale advance).

6. The current stock price is within at least 25 percent of its 52-week high
(the closer to a new high the better).

7. The relative strength (RS) ranking (as reported in Investor's Business
Daily) is no less than 70, but preferably in the 90s, which will generally be the case with the better selections.

Pullbacks buying strategy after a breakout with example

• 1st pullback is a great buy.
• 2nd pullback is still fine
• 3rd pullback should be avoided.
• 4th pullback never buy it.
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@Jitendra_stock @punitbansal14 Nice VCP set up, tight build-up near resistance giving hope for another big rally. My short term target is 920. We can see #ingrevia in 4 digit candidate shortly.

#BDL
This is how new sector/stock emerges in a bear market. Even though the smallcap/midcap stocks beaten down hardly, still it held up 21 EMA nicely. Whenever the stock tested 21EMA it rebound like the action of the spring.

Not a buy recommendation.