Good setups are showing up | stockbee


Good setups are showing up

The market has recovered from a brief pullback and is on way to establish new high.

The momentum stock continue to suffer setbacks and reversals. LL being the latest example of that.

However this is rotational market and new stocks are emerging to take on leadership role. Number of breakouts from stocks that were range bound or consolidating for few months is where money is flowing in to.

Some of the good breakouts are CHTR, PCP, WETF, and GST.

Two large momentum leaders that are setting up for possible breakouts are GOOG and NFLX .

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