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

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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