I love seeing stocks take off. In fact, I live for it. When a breakout rockets off the launching pad there is simply no better feeling.
And while this weeks watchlist isn’t doing so great, $EGT is looking awesome.
Here’s the chart:
And here’s the run…
The circle represents the week we highlighted it. We can tell right away it’s working out with the influx of volume on the breakout and lighter volume on the pullback. Now we have even more volume coming in.
These types of charts are definitely worth studying and taking note of. It’s all about what’s possible with low priced stocks. And trades like these really do make the many small losses worthwhile.
Here’s to many more of them.