SONC Nice Looking Long Position

I've been watching this base in SONC develop and it looks like it's in a high probability /low risk buy area.

Here are the charts as it enters stage 2 mark up-almost exactly where you want to buy.

 Here's the double bottom, the fact it didn't retest support completely is very bullish. MACD has gone into a positive divergence during the base building and recently we saw a breakout of the stage 1 base into stage 2 "Mark Up" where prices advance. The volume on the breakout was good and it also serves to set off alarms on scans that search for volume surges. Recently it's pulled back to successfully test support.

 The 3C 1-day chart is showing a huge positive leading divergence from the base and it continues.

My moving average scan screen to avoid false breakouts shows a false breakout at the 3 red boxes, RSI not crossing 50 called this a false breakout, and therefore not a buy. The green boxes fulfilled all conditions for a buy. The pullback to the 10-day yellow moving average is a perfect entry place.

Here's the 10 minute 3C chart indicating continued positive indications. This looks like a great place to buy SONC with a stop loss either under the blue 22 day moving average or several percent below the breakout level from the base. Use risk management and position sizing to keep the trade at no more then a 2% of portfolio loss if all should go wrong. The risk management article is linked at the top tight of the site.