This is a stock that I have been working with closely with one of our members, it's a stock he found and we've been keeping some tabs on it. I really love the look of this chart, apparently today there was some news out concerning SSN and HAL that propelled the stock higher. This makes sense because the base that has been built looks like it's sturdy for a significant price advance even from here.
a 2 year base shows this stock is being prepped for a different class of investors. I can't find the institutional holdings, but I imagine they are high.
Daily 3C throughout that base has not wavered once, pure positive divergence or accumulation.
The hourly chart showing the accumulation ahead of the breakout move.
the same for the 1 min chart-accumulation in front of the breakout, these are most likely market makers/Specialists who know about the order flow and are in essence front running the trade.
Here's the Trend Channel stop. I would like to try to build a position here and but on the dips. The measured target is about $4.50. Although that base is so large, a year from now I think this could be significantly higher, however a lot can happen in a year and right now I'm just looking at the best way to get into a trade like this.
Many thanks to Jack for sharing this pick with us. Jack has been doing excellent with all of the C&D trades and I think he's found my secret to finding them. Nice Job!
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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