$SEAS / Long

12 janv. 2022

SSEAS has been on the watch list for a while now and could be ready to move.

Scan Criteria
Does this stock meet my custom 12 point scan criteria? Yes

Structural Checklist
1. Can a proven price patterns be identified? Yes, VCP
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes, and trending up
5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes, 53 bars, so over 10 weeks
7. Has price volatility contracted from left to right? Yes
8. Has volume volatility contracted from left to right? Yes
9. Are there visible signs of demand within the base? Yes, although the there is more subtle accumulation vs obvious demand
10. Are there visible signs supply has been absorbed? Yes

Pivot Buy Point (Last 3-5 Bars)
1. Is there a visible Tight Zone? Not in the last 3-5 bars, but prior to the recent market volatility there price was tight
2. Have there been 3 Tight Closes?No
3. Has there been a Constructive 3 Bar Correction? No (2 bars)
4. Is there a Bullish Inside Bar? Yes

AND

1. Has volume dropped dramatically? no, but below average
2. Can risk be managed under 8% in one of 3 ways? Yes

Scan Score (Minimum 12/12)
All Trading Dirty stocks have a Scan Score of 12

Structural Score (Minimum 10/10) 10

Entry Score (Minimum 1/4 then 2/2) 3.5