How SPPI had turned to become a massive winner in just 2 months time?
The Pattern:
The Pattern:
- A breakout from 200SMA
- New high (h1) is created with New Low(L1) all above 200SMA
- Another New high (h2) breaks out of h1 with New 55 day High (N55).
- h2/L2/L3 above 200SMA. The lows are ascending above 200SMA.
- 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.
- Entry: 3/4 of h3
- Exit: 3rd N78
WHAT TO LOOK FOR IN A CHART:
1 Year Chart
6 mon Chart
3 mon Chart
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