8 Oversold Base Formations
This week’s 8 beaten-down stocks showing potential long-term cup-and-handle formations, backed by positive institutional accumulation over the past three months.
$Eve Holding(EVEX)$ $Vertical Aerospace(EVTL)$ $Frontier Group Holdings, Inc.(ULCC)$ $Huntsman(HUN)$ $Applied Optoelectronics(AAOI)$ $Uniti Group Inc(UNIT)$ $MaxLinear(MXL)$ $NET Power(NPWR)$
When I reviewed some of the biggest winning trades on % run, they all fulfilled this same condition. Heavily beaten down with long-term neglect.
First huge rally with strong volume. Re-setup with RS during consolidation at higher low base. Setup in cluster of MAs pinching together.
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