$ BREAKOUT Chart Plays

[BONESPUR]

Trading "lesson"
Think about what you are looking at when you are studying a chart. There are PEOPLE behind those indicators. The indicators are giving you insight into what shareholders and investors are thinking. In the case of MNGA for example, that long sideways trading with reduced volume is actually investors (bulls and bears) trying to make up their mind which way to take the price. Its essentially a "who blinks first" scenario. The most unnatural thing in the world for a stock is to trade sideways in a narrow channel. It wont last and the longer it does last usually the larger the move. Always make sure of which way its gonna go before you pull the trigger.