This is LCI’s 2nd straight appearance on Shooting Stars. It is presently working on a 4th stage cup-shaped base with a classic at $59. 44 . An advanced can be seen at 50.97. LCI poked its nose above the advanced today briefly before retreating. It is presently receiving support around its 10ema.
Though it doesn’t fit the classic definition, the broader pattern (beginning from March 2014) has the essence of an ascending base with 3 major higher highs and 3 major lower highs. Typically an ascending base is defined as no longer than 16 weeks.
See all the stocks that made ChartYourTrade's Shooting Stars on 1/27 by clicking here: http://chartyourtrade.com/2015/01/shooting-stars-01272015-simo-lci-uve/