I've been going through my list of prior runners looking for a pattern on when a stock might spike. It looks to me like the pattern on the daily chart is double bottom, ramp up with 3(ish) spikes, an initial spike above the high of the nearest left consolidation area, consolidation inside of that range, a dip, and then another break out. Once the stock reaches the most recent high, if it breaks over that, it will spike to the next highest high and consolidate.
https://www.tradingview.com/x/6l8N3i3a/
Symbols I am watching that are in some phase of this, I have only gotten partially through my list of supernovas last night.
FRAN is my #1
BMRA
BKE
BLCM
BLMN
BLNK
KMPH
SYN
KIRK
ISEE
OPTT
MTSC
AMED
AQMS
RMBL
CFMS
If the trend fails, it is usually after the consolidation where you would expect a dip and then breakout it just dips and dies
Wow, you do a lot of good research. Do you use Trading View with a membership? What about other web sites?
Barchart - meh, but it emails me a list of stocks from a scan each day. Tradingsim -HIGHLY recommend, it is a market replay site where you can practice. Marketinout - initial backseating, it is where I found my prior runner list. Tradervue - better for crunching stats than profitly. I use think or swim for 3 accounts and trader view for my trade station account.
*backtesting not backseating
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