Breakout of Channel pattern

17 de ago. de 2021

The stock BO'd yesterday with good volumes..the only concern is that this stock has sporadic momentum ( see green volume bars highlighted by arrows), although of late it has had some good sessions...targets marked. Trade cautiously. This is not a recommendation, just an idea

17 de out. de 2021

Nota

Since the time that this chart was posted the stock has moved 32%...which is huge...good example of trading based on chart patterns without considering fundamentals ( i meet people who say that only chart patterns don't work!!!) and on the other hand there are traders who call themselves techno-fundamentalists..so they consider both ...of course the fundamentals of this company are quite poor.