Looking at UUUU as per Jesse Stine's superstock method
This is not financial advice or any sort of recommendation.
This is not financial advice or any sort of recommendation.
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The 8 Technical Superlaws - CHECKLIST
1 - Strong Base Breakout - CHECK
- broke out strongly, retested and confirmed
2 - Breakout Above 30 WMA - CHECK
3 - Volume Expansion - CHECK
- Multiple funds making big block purchases at the end of june
- Big accumulation bars
4 - High Angle of Attack - CHECK
5 - Under $15 - CHECK
6 - Nice Clean Chart - CHECK
- Nice steady decline from 2014 - 2016
- Slow decline is frustrating, devastating morale as dumb money sells the bottom
7 - Prior Superstock - CHECK
- Massive historical highs to attract previous momentum traders
8 - Respecting the Magic Line - CHECK
- perhaps too early to tell, but looking good so far in terms of respecting its magic line
1 - Strong Base Breakout - CHECK
- broke out strongly, retested and confirmed
2 - Breakout Above 30 WMA - CHECK
3 - Volume Expansion - CHECK
- Multiple funds making big block purchases at the end of june
- Big accumulation bars
4 - High Angle of Attack - CHECK
5 - Under $15 - CHECK
6 - Nice Clean Chart - CHECK
- Nice steady decline from 2014 - 2016
- Slow decline is frustrating, devastating morale as dumb money sells the bottom
7 - Prior Superstock - CHECK
- Massive historical highs to attract previous momentum traders
8 - Respecting the Magic Line - CHECK
- perhaps too early to tell, but looking good so far in terms of respecting its magic line
www.tradingview.com/chart/O4pCeVVk/