$CAMP is the one of the other names in the communication/network industry that's on my watch list as well for this week. More clear cup with handle. Nice volume pattern as well.
This is a very clear example of a breakout of a very relevant resistance zone, why is this relevant? for the time and the magnitude of line. because I take it 3 years and 4 months approximately after the price fell below 21.00 and now it go above the 21.00 level, and the manner of who the price cross the resistance line now, imposing with property (Big weekly...
I am buying $CAMP due to the break of a small base, on good volume, along with being a new 52-week high! Strong sector also. This is also an open ended target, will only close out if stop loss is hit or we have significant price action signifying a downwards move.
CAMP seems forming a possible flag formation. For breakout confirmation it need to break high of today ($18), and as flag continuation it can go around $19.80
* Trade Criteria *
Date First Found- April 24, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $18.13
Exit Target Criteria- $19.77
Stop Loss Criteria- $17.43
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