Weekly chart:
Dr. Wish
$FTNT — cup with handle break-out
Check out this weekly chart of FTNT. Tweeted this break-out last week intraday, @wishingwealth
Minervini volatility contraction play–$NSSC
If you read Mark Minervini’s terrific books you will learn about his volatility contraction set-up. I think NSSC is a good example. Note the high volume break-out on Thursday, after price and volume had contracted over the past month. Before reading Mark’s books (listed on this blog page) this is the type of stock I would have tired of and sold, while it was actually setting up for an explosive move! Note that the stock is above its GLB and the several green dot signals while it was setting up.
$PCMI retests GLB and shows strength and another green dot
Another sign of technical strength –it has already quadrupled since a year ago. As with people, a stock’s prior behavior is the best predictor of future behavior. The great Nicolas Darvas liked to buy stocks that had already doubled in the past year. TASR advanced 7x before doing it again.
