Pattern: Large Candle and a small hut
When a stock forms a Large Candle and then completes the pattern by forming a small hut on top of that candle, then it presents one of the best Bullish Opportunity to play over next 4 to 20 weeks.
Example # 1: Apple
Apple stock formed a Large Candle breakout to new high and then completed the hut before smartly rallying 18% over the last 12 weeks
Example # 2: First Data
First Data stock formed a Large Candle and a small hut pattern back in May and I tweeted about it back then
Why First Data Corp looks very interesting at the current price pic.twitter.com/jhMvocHGVv
— Deepak Singh (@smarket) May 30, 2018
Here’s what happened to that trade: the stock is now up 34%
Example # 3: Lowes
Lowes stock formed a Large Candle move and then completed the hut before smartly rallying 21% over the last 12 weeks
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers