Similar to QES, the last contraction is >10%. Seem like not a very ideal contraction. But looking at QES movement, this might the nature of penny stock movement since the % more volatile for penny. (can refer back my QES article)
C1: ~41% C2: ~25% C3: ~12%
VCP Breakout today after 176 days with huge volume. I believe it will continue a brand new trend up.
Disclaimer: Above content provided is my personal experience sharing through technical analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision.