The Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend.
There are reasons to be...
They recently sold off some underperforming assets, and will play an increasingly central role in COVID testing and vaccine in Japan.
- forming great trend reversal.
- FIBO retracement showing potential resistance/support for stock price.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please...