I secured my positions today. The stock is finally set up for a classic VCP. It keeps getting tighter around that line of supply until it breaks out today.
I've secured my position today on a classic cup and handle. I consider this to be a magnitude play, the first buyable base after the IPO.
This is the first buyable point after the IPO. I have my position today on a cup with handle setup.
The stock broke out of a very tight handle from its primary base. This is not a very strong break out with regular volume, but a high RS Line.
I like to call this a magnitude play, a very strong long-base forming its buyable area. One thing that interests me is its volume, showing a lack of supply coming to the market.