6+ Week Bases

Monday, October 9, 2017

Something I always like to do as an exercise is go through my positions or watchlists and find periods of sideways consolidation lasting 6-weeks or more.

The process of looking for these periods of consolidation I feel offers a glimpse of the quality of setups currently in the market. These setups also tend to offer very favorable risk/reward scenarios.

Currently these are some I find particularly attractive:

FB

AMZN

CRCM

SIRI

JPM

FANG

CVLT

HTBK

MDSO

Periods of consolidation tend to be followed by periods of expansion. The length of these bases can lead to explosive upside. If we are wrong we know so quickly as the pattern will fail to hold the breakout area.

These are all positions our members have been following and/or participating in based on larger monthly patterns for some time. It now seems there are additional opportunities appearing over the intermediate-term as well.

If you would like to be a part of the ZenTrends trading community to follow along as we identify, manage, and trade these positions and others, please visit our site at zentrendstrading.com

 

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