This stock is a textbook example of long term basing followed by breaking out and historically delivering returns. 1987 - 1991 it consolidated then followed with a 550%+ return from breakout to peak 1996 - 2004: 450%+ return from breakout to peak After 15 years we're seeing similar action seen in its previous major basing periods. The stock is now revisiting...
Setup was nice. I missed the entry, no FOMO. Must now patiently wait for price to tighten up. There will always be a next train. Risk: 90 bps You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas
Just following along so far! still has a lil left IMO!
Watching VIVO to $34...
Sitting in a monthly Call. Will wait it out, maybe roll the call if necessary. Short accumulation period in the form of a rounded bottom with middle line divet. Can see a fakeout when the market was Jerked around. Disregard the big red candle near the end of the stair step.