UUUU - potential superstock

Looking at UUUU as per Jesse Stine's superstock method

This is not financial advice or any sort of recommendation.

Yorum:

I forgot to remove the indicators with my inital chart and see it is basically unreadable, thus have updated the chart now and included new progress since July.

www.tradingview.com/chart/O4pCeVVk/

Yorum:

Yorum:

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