Pros
1. Near 52 weeks new high, 7% below 52 weeks high
2. Price above 10 & 20MA, 10MA above 20MA
3. Low volume pullback to previous resistance
4. Previous resistance, 10 & 20 MA as support
5. Double bottom setup
Cons
1. Low volume stock, risk of gap
Buy on price and volume increase
1. Near 52 weeks new high, uptrend
2. Price above 10 & 20MA, 10MA above 20MA
3. Break out downtrend line and 2 days low volume pullback to previous resistance
4. Previous resistance, trend line, 10 MA as support
5. VCP pattern setup
1. Near 52 weeks new high
2. Price above 10, 20MA
3. Low volume pullback to previous resistance
4. Previous resistance, trend line, 10, 20 MA as support
5. Base pattern setup
First setup after going into uptrend, a 3 month base formed.
VCP characteristics cup with handle, pivot point formed, waiting to break downtrend line to buy in
IGBREIT
A cup with handle pattern has formed
Stock price above both 20MA (short term) and 50MA (mid term)
But 200MA still sloping downwards
Wait for more tight consolidation
