I've seen thousands of charts over the years. Very few look as promising as this one from a breakout perspective.
Nothing builds energy like a long term consolidation does. This one is 15 years.
On top of that, we have a 6 month candle closing at the end of June. This will be the stock's strongest price action in its history. Something is cooking...
Nothing builds energy like a long term consolidation does. This one is 15 years.
On top of that, we have a 6 month candle closing at the end of June. This will be the stock's strongest price action in its history. Something is cooking...
Comentário:
Tagged its 50 day today as well as its trendline so the stop should be place just below today's close. If there is one more weak daily close it's a loss in my book, which I am now anticipating.
The other thing to pay attention to is its no longer a close above all time highs on the monthly or the quarterly chart as shown here:
This may mean it needs more time to consolidate. How long that is is anyones guess.