The McDaddy of Breakouts (VSAT)

Viasat Inc (VSAT) is one boring stock but one that is very profitable if you trade the breakouts. VSAT previously has formed 2 rectangles or darvas box. The first one as shown below was a 2 months rectangle that was difficult to trade because the breakout day achieved the target and much more. The second breakout was a 3 months rectangle also that broke uP. Currently we are in a 3rd rectangle a breach of the barriers at 67 or 73.50 completes the pattern either way. I am betting on the downside. Keep it on your watch list and share with other traders ๐Ÿ™‚

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VSAT Daily

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