This is a textbook VCP setup.
The stock has a very tight right side area after a year of development. It also has a high RS Line and a huge volume on the breakout.
The stock has a very tight right side area after a year of development. It also has a high RS Line and a huge volume on the breakout.
Trade active
I've got my position today, I, then, like to see some positive action from now on.Trade closed: stop reached
Cut loss today at -2% loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.