Reason for long - Consolidation breakout High risky penny stock: position sizing not more than 0.5% of total capital and has risk of complete erosion of invested fund in this stock. It is purely experimental investment and purely based on technical. The organization is non-significant profit making, but volume increased in recent times.
1. Powered by vwap breakout.(Yes) (All 7 days, vwap not touched by candles indicates the bullishness is intact. 2. Strengthened by weekly breakout.(Yes) 3. Intensified by three month breakout.(Yes) 4. Energized by Positive previous Quarterly result.(NO) 5.Punched by QQE breakout.(yes) 6.Facilitated by Volume burst.(Yes) 7. Armed by breakout non over-lapping candle.(Yes) 8.Catalyzed by breakout candle having Open=Low candles (OL candles) (NO) 9.Patronized by Head and Shoulder Set up, pull back set up (Yes)