VCP Formation on the verge of a BO around Earnings announcement
Updated
Stock is forming a nice VCP around it's ATH.. Volume is visibly dried out and the stock is forming a nice symmetrical triangle. Ideal candidate for a breakout but it's better to wait for the breakout to happen as the stock can breakout on either direction.
Note
Breakout happened on the downside. Hence, it's always better to wait for the breakout and then trade rather than taking a trade in anticipation of a move in a particular direction.
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