Second Verse for CFW

CFW already triggered once for us and produced a 28% 1-day gain. I really like the looks of the trade here as it's consolidated the gains from the last move which we caught.

 Here the daily 3C chart has shown accumulation before the last move up and it continues during the triangle consolidation. THIS IS a CATS & DOGS trade. Gains are big and fast and don't last forever, but there's a base here and this may be able to produce a small trend. I'm adding this to the trade list which I don't usually do for these trades, it's because I like it here.

Here's the last move which we caught on an intraday trigger-as much as 28% in a day. The next breakout from the consolidation is likely also going to break out of the base. You can wait for a breakout of the triangle for a higher probability trade or take it here in favor of greater gains. 

The stop I'm using for this trade is $.35 to give it some room. If you use a stop that wide, be sure to watch your position size isn't too large. If you are not comfortable with a stop that far, you may want to wait for a breakout above the $.40 level.