TaPlot

$DIOD Potential Breakout Setup

Long
NASDAQ:DIOD   Diodes Incorporated
$DIOD has a nice volume pattern while working to potentially breakout into ATHs.
The shakeout around its 50 MA couple weeks back is an added bonus to the setup.
Would like to see it head back up to that supply line with quiet small candle days to setup a low risk entry.

✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel www.youtube.com/@taplot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.