Jan 30, 2019 Wednesday.
This is the 3rd day of AUDC after hitting New 55 Days High and New 78 Days High.
This New 78 Day High of AUDC is similar to the 1st New 78 Day High of SPPI way back Aug. 4, 2017.
Here's the comparison of the two stocks.
AUDC Daily Chart and SPPI at the bottom. Compare the rising Volume and compare the Gap up and the breakout from previous high. Compare the candles after the breakout of a big candle with huge volume. Based on the following similarity, you can safely place a buy order at the neck line or tip of the tail of the red candle following that huge candle breakout. See below for the closer illustration.
Continuing the comparison. If you look at the bottom chart of SPPI. It had broken the previous high of $8.00 and had risen higher than $20.00.
With all the positive Revenue, Growth, Dividends, Positive Cash Flow and Buy backs of shares, AUDC has all the firepower to continue trending upward.
Compare the Candle with blue circle highlighted in red of AUDC against SPPI chart above. Scroll down and look at the resulting stock move of SPPI after that New 78 Day High. From the of $8.00 previous high it rallied above $20.00 in 3 months. Spectacular move.
This is the 3rd day of AUDC after hitting New 55 Days High and New 78 Days High.
This New 78 Day High of AUDC is similar to the 1st New 78 Day High of SPPI way back Aug. 4, 2017.
Here's the comparison of the two stocks.
AUDC Daily Chart and SPPI at the bottom. Compare the rising Volume and compare the Gap up and the breakout from previous high. Compare the candles after the breakout of a big candle with huge volume. Based on the following similarity, you can safely place a buy order at the neck line or tip of the tail of the red candle following that huge candle breakout. See below for the closer illustration.
Continuing the comparison. If you look at the bottom chart of SPPI. It had broken the previous high of $8.00 and had risen higher than $20.00.
With all the positive Revenue, Growth, Dividends, Positive Cash Flow and Buy backs of shares, AUDC has all the firepower to continue trending upward.
SPPI 1 year Chart on Stockfetcher.com
SPPI 1 year Chart on Stockfetcher
Compare the Candle with blue circle highlighted in red of AUDC against SPPI chart above. Scroll down and look at the resulting stock move of SPPI after that New 78 Day High. From the of $8.00 previous high it rallied above $20.00 in 3 months. Spectacular move.
A great probability that we will be seeing a move similar to this for AUDC.
Now where would be the possible entry of this run? Using the similarity of the 2 stocks. The possible entry would be:
- At the neckline or CLOSE of the red candle that followed the breakout big green candle. This price is around $14.29
- At the LOW of the red candle that followed the breakout big green candle. This price is around $14.13
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