Friday, January 25, 2019

SPPI - Analysis on New 78 Day High

How SPPI had turned to become a massive winner in just 2 months time?
The Pattern:

  1. A breakout from 200SMA
  2. New high (h1) is created with New Low(L1) all above 200SMA
  3. Another New high (h2) breaks out of h1 with New 55 day High (N55).
  4. h2/L2/L3 above 200SMA. The lows are ascending above 200SMA.
  5. A new high is again created (h3) breaking out of h2. This 2nd New high breakout associated with a Gap and Volume almost 200% than previous volume of the past 8 to 10 weeks.
  6. Entry: 3/4 of h3
  7. Exit: 3rd N78



WHAT TO LOOK FOR IN A CHART:
1 Year Chart

6 mon Chart

3 mon Chart


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