Fishing At The Bottom (TLAB) & (SVM)

Here are a couple of stocks that share some characteristics of multi year lows and almost complete bullish pattern formations
First up is Tellabs Inc (TLAB) which has formed a 6-months H&S Bottom with neck line at 2.27. A close above that, completes the pattern.

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TLAB Daily

Next is a silver stock Silvercorp Metals (SVM) which as formed a sloppy triple bottom with a neck line at 3.21.

triple bottom, svm, silver, silvercorp, silvercorp metals

SVM Daily


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 🙂

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VSAT Daily

Westport: Imminent Bullish Breakout!

Westport Innovations (WPRT) has almost completed a 9-months H&S bottom. The right shoulder has formed a 4-month descending triangle which has broken out today on double the avg volume. A close above 32.89 completes the H&S bottom and targets $43.

wprt, westport, westport innovations inc, westport innovations

WPRT Daily