The main anchor I use is generally the high of the entire base. For MP, that would be the high of the huge base and the swing high of the move, which was also the all-time high. In this case it doesn't work perfectly because there is a lot of chop and the stock doesn't respect that anchored VWAP (AVWAP) very well. Still, it gives me a sense of whether the stock is above or below it and by how much. The second anchor can be the swing high of the recent, smaller base. I focus on the recent uptrend and the recent base, and I may anchor from the recent swing high or the first red candle. There is no single correct anchor; use the one that suits the stock best.
Source: Back on margin and many yapping | 5 May 2026