88E - These bottom trading range breakouts with impressive...

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    88E - These bottom trading range breakouts with impressive volumes; where a stock has consolidated in a defined range over a long period (the longer, the stronger) , are often a rewarding risk:reward tradeoff on the break.

    Amid there being alot of SOI (we had this discussion many times on thread on why we shouldn't quickly write off a stock due to SOI), i think its showing early signs of reversing into a new trend. Alot of these setups go parabolic in the coming days/weeks after breakout so i think this just needs more time. An announcement as a catalyst may be handy.

    https://hotcopper.com.au/data/attachments/2478/2478044-3ac11b53441a69d68ad4f77ab66bd8bf.jpg



 
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