Charlie's Holdings Inc (CHUC)

[Chart Addict]

TRUU - Setting up nicely for a breakout.

It's hard to believe that no one has posted to this board in seven months. I suppose that's what happens when you watch a stock you want to believe in for too long without it doing anything.

You may want to take a close look at it now, because it has set up quite nicely for a possible breakout trade. As you can see from the chart below, Accumulation has been increasing since the beginning of March. The RSI is high and rising. The setup on the chart is that the PPO is promising a possible pop after it inverts and turns positive again. Another strong possibility is a bump 'n run reversal on the PPO as the stock breaks out to the upside.

The price is firmly planted above the 200 day moving average, which is where any stock under consideration should be. The 50 day moving average is looking rather bully, rising to potentially provide a golden crossover in the near future. The volume is picking up, and today (June 1) was flagged as an "unusual volume" day for this stock by various stock screens.

Of course, there is guarantee that it plays out this way, however this is what a would call a beautiful setup!