Strong Breakout - Continue the previous trend
Updated
Breakout with strong volume -
1. 5 mo uptrend
2. Flag breakout awaited
3. Sideways for more than 2 mo
4. Falling volume during sideways - accumulation
5. Respects 50 DMA for support
1. 5 mo uptrend
2. Flag breakout awaited
3. Sideways for more than 2 mo
4. Falling volume during sideways - accumulation
5. Respects 50 DMA for support
Note
1. 5 mo prior uptrend2. Flag breakout on 3rd Jan
3. Sideways for more than 2 mo
4. Falling volume during sideways - accumulation [VCP characteristic]
5. Respects 50 DMA for support
Trade active
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.