First. let me state that my ideas are for long-term investors. I don't like sleepless nights wondering what the stock market will do the next day. I have tried them all - futures, day-trading, and swing trading and don't seem to have near the returns I do from looking at monthly stock charts. I am a big fan of the Ted Warren trading method.
I look for stocks that have been in a low basing pattern (or downtrend pattern) for at least three years with volume becoming very quiet near the end of the base. With a slight breakout, I hope to get a 200% or more return within 2 to 4 years. ALL MY CHARTS ARE MONTHLY CHARTS.
ATEA had a 2 1/2 year base followed by a false start. This lead to an almost 3 year accumulation downtrend line. That's 5 1/2 years of accumulation. All on very quiet volume. I believe a monthly break of this trend line (about $3) is close and when it happens I will look for 200% or more rise out of the stock.
I look for stocks that have been in a low basing pattern (or downtrend pattern) for at least three years with volume becoming very quiet near the end of the base. With a slight breakout, I hope to get a 200% or more return within 2 to 4 years. ALL MY CHARTS ARE MONTHLY CHARTS.
ATEA had a 2 1/2 year base followed by a false start. This lead to an almost 3 year accumulation downtrend line. That's 5 1/2 years of accumulation. All on very quiet volume. I believe a monthly break of this trend line (about $3) is close and when it happens I will look for 200% or more rise out of the stock.