VIVO - Long term monster stock potentialThis stock is a textbook example of long term basing followed by breaking out and historically delivering returns.
1987 - 1991 it consolidated then followed with a 550%+ return from breakout to peak
1996 - 2004: 450%+ return from breakout to peak
After 15 years we're seeing similar action seen in its previous major basing periods. The stock is now revisiting former all time highs set in 2007 after developing a massive cup and handle basing structure, all while the major indices are down -20 - 30%+
Good example of a multi-year hold (assuming no violations).
VIVO
VIVO - Biotech setup making new 52wk highsSetup was nice. I missed the entry, no FOMO. Must now patiently wait for price to tighten up. There will always be a next train.
Risk: 90 bps
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
VIVO Stair Step pattern - Price target $34.00Sitting in a monthly Call. Will wait it out, maybe roll the call if necessary. Short accumulation period in the form of a rounded bottom with middle line divet. Can see a fakeout when the market was Jerked around. Disregard the big red candle near the end of the stair step.
