Last Tuesday (idea linked at bottom) I thought 
OPTT was following the 
POLA path to a breakout. OPTT ended up nearly doubling and I think there is more to go. I wanted to provide a more comprehensive look at the pattern I have seen play out multiple times. My next idea will be 4 stocks that I believe are making this pattern that have yet to breakout.
The requirements appear to be an ascending triangle (less often, but still valid, a wedge/symmetrical triangle) with at least 2 'loop' patterns, all of these stocks are also microcaps (<300 million mkt cap). Also know that these are all log charts.
Interestingly, 3 of these stocks are found in the Electrical Equipment industry group (linked below)
finviz.com/screener.ashx?v=111&f=ind_electricalequipmentparts
OPTT was following the POLA path to a breakout. OPTT ended up nearly doubling and I think there is more to go. I wanted to provide a more comprehensive look at the pattern I have seen play out multiple times. My next idea will be 4 stocks that I believe are making this pattern that have yet to breakout.The requirements appear to be an ascending triangle (less often, but still valid, a wedge/symmetrical triangle) with at least 2 'loop' patterns, all of these stocks are also microcaps (<300 million mkt cap). Also know that these are all log charts.
Interestingly, 3 of these stocks are found in the Electrical Equipment industry group (linked below)
finviz.com/screener.ashx?v=111&f=ind_electricalequipmentparts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.