Yes GoGlenroy, I'm not trying to say that is what will happen to CCU but there are plenty of other charts for speccies that punch out big ranges once the stars align and they break free from their basing pattern. I bet nobody expected the run MAK went on and keep in mind those light blue ranges are 400% gains and only took 1 month to complete. I think the tight share register and the blue sky factor is a big plus for this stock.
Hobojo the lack of volume on the CCU chart compared to a year ago is one of the reasons I haven't been too concerned about the pullbacks we are having. Although I believe the volume last time was partly due to broker buy/sell recommendations? I could be wrong here.
CCU Price at posting:
82.2¢ Sentiment: Hold Disclosure: Held