Cup and Handle Chart Pattern - Bullish, so I bought some Friday
Great chart pattern with clearance of some key fib levels, positive momentum, and large volume breakout, off of a 6-7 month trading range.
Bought some outright shares on Friday, as the options are thinly traded.
Happy Trading
Lindosskier
Bought some outright shares on Friday, as the options are thinly traded.
Happy Trading
Lindosskier
Note
After an almost a 100% return on this idea and after also hitting Fib extensions, I would suggest taking profits here. Had you bought even at the high of $24.15 on 29 Jan 2018, as per my "trading idea", you are looking at an almost 100% return as of Friday's close of $47.20, within an 8 month period.
Great annualized return!
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