Repeating breakout pattern
Last Tuesday (idea linked at bottom) I thought 
OPTT was following the PPOLA path to a breakout. OPTT ended up nearly doubling and I think there is more to go. I wanted to provide a more comprehensive look at the pattern I have seen play out multiple times. My next idea will be 4 stocks that I believe are making this pattern that have yet to breakout.
The requirements appear to be an ascending triangle (less often, but still valid, a wedge/symmetrical triangle) with at least 2 'loop' patterns, all of these stocks are also microcaps (<300 million mkt cap). Also know that these are all log charts.
Interestingly, 3 of these stocks are found in the Electrical Equipment industry group (linked below)
finviz.com/screener.ashx?v=111&f=ind_electricalequipmentparts
OPTT was following the PPOLA path to a breakout. OPTT ended up nearly doubling and I think there is more to go. I wanted to provide a more comprehensive look at the pattern I have seen play out multiple times. My next idea will be 4 stocks that I believe are making this pattern that have yet to breakout.The requirements appear to be an ascending triangle (less often, but still valid, a wedge/symmetrical triangle) with at least 2 'loop' patterns, all of these stocks are also microcaps (<300 million mkt cap). Also know that these are all log charts.
Interestingly, 3 of these stocks are found in the Electrical Equipment industry group (linked below)
finviz.com/screener.ashx?v=111&f=ind_electricalequipmentparts
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