EDUC Double Bottom Base - Possible Breakout

Double bottom base looks promising, looking for well above 50% volume to confirm breakout if / when it happens. EDUC appears coiled up and ready to pop, of course have to watch how this unfolds, each day is a new piece to the direction.

Dagangan aktif:

Market under pressure, 4 distribution days on the NASDAQ. NASDAQ testing 50EMA, volume looks ok at this time. Breakouts, especially strong long lasting ones are achieved in a bull market, a weak market often prevents a follow-through day. Or, prevent an upward move altogether. Watching EDUC hold up well under current market correction. Tight sideways movement strong indication the strength in the base. Market moving sideways a bit consolidating is healthy (my opinion) where during this time EDUC waits to advance up.