Anyone who's read Minervini will understand the comparison here, XJO on the bottom, EIQ on the top. EIQ bottomed before the index even topped and has just chopped sideways in a base while the index imploded in a nasty and violent correction/mini bear. That's market leadership in a picture (@Jdmoney not sure if you've looked at this one but similar kinda thing to the other one we're on)
An old example of a similar setup is MP1 in the late 2018 mini bear, MP1 bottomed in October while the index continued lower into late December, great example of a stock showing it's strength during general market violence
MP1 tried to push out in Feb 2019 with several other leading stocks of that market(JIN PME etc) but failed to launch, similar to what EIQ has just done and then needed to pullback in before launching and not looking back in April. Hopefully we have a shorter timeline here and EIQ is ready to rock and roll now
EIQ Price at posting:
32.0¢ Sentiment: None Disclosure: Held
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