yes you are correct but to split hairs the stock needs to break out of its trading channel. thats why you see threads called " breakout' and not 'spike"
A "spike" is used in hindsight. That ones easy.
I called a breakout, I never said at any stage it was blue sky. Jeez you guys are harsh. I even called a buy on VIL this time BEFORE i had any stock. Im trying to to be nice but its not working.