Mosaic Traders Hub: Model Book Study
Super Micro Computer (SMCI) wasn't always a fallen angel.
A big part of the Traders Hub is educational. So for members, I will post model book studies covering my two core trade setups:
A basing period featuring a key resistance level with smaller pullbacks in the base structure.
A breakout that comes back to retest the prior price resistance level that is now support, and forms a new “base on base”.
Become a member of the Traders Hub to unlock this model book study and get access to our Stock Trading Portfolio and ETF Investment Portfolio.
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Maintaining a model book of successful breakouts allows us to look for common features across setups, and helps us spot future breakout candidates.
It also provides a mental template of chart patterns to watch for. I can tell you from decades of experience that similar patterns repeat over and over across different stocks and sectors. A successful setup spans both technical and fundamental indicators.
And today, I want to show how you could’ve traded Super Micro Computer (SMCI) that was highlighted in Mosaic Chart Alerts to a triple-digit gain and stepped aside before the stock collapsed.
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