NVCR - Double Bottom - 2019-01-08

NVCR Trade Summary

Performance metrics and trade details for NVCR breakout.

Stage
Catalyst
Risk
2.2%
Gain %
None%
Trade Duration
0 days
Market Condition
Choppy
Market Cap
$NoneB
Shares Float
NoneM
Entry
Breakout
Stop
LoD
Exit
About

Novocure broke above the mid-peak of a double bottom setup on January 8, 2019, signaling a potential breakout entry. However, if the trade was entered on the breakout and the low of the day was used as a stop (representing a 2.2% risk), the position would have been stopped out shortly after entry.

Intraday Entry

NVCR - Double Bottom - 2019-01-08 intraday entry

After Breakout

NVCR - Double Bottom - 2019-01-08 after breakout

Related breakouts

More to study.

Double Bottom

After a failed breakout on January 8, 2019, Novocure gapped up the next day, reclaimed the prior day's high, and continued higher without looking back. The setup occurred in a bullish market and offered a low-risk entry with 0.8% risk.

Along the way, the stock formed several …