New Breakout Idea Fueled For A Possibly Rapid Reversal (Explosive Chart History)
Next Report Arrives At 7:00PM EST Today
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Getting the week started off in style, it's time to deliver a new breakout idea.
After hitting the books over the weekend, I brought a profile to your attention on Sunday evening.
On Friday it had closed at $.51. On Monday, well, that was a different story.
Shooting to a high of $.66, it had made a move of approximately 29%.
Not shabby, but this new breakout idea could be severely undervalued and displaying a ton of upside potential based on key driver indicators.
At 7:00PM EST today, the complete report arrives.
Now, why should you tune in? Easy.
You don't have to be in the know to know that supply chain issues have significantly impacted almost all facets of life in the past few years.
This company's flagship product aims to combat just that. And with the Supply Chain Management market expected to reach $19.2Bn before the end of the decade, even claiming a small share of this market could become a tremendous game-changer for this company.
On top of that, there are a handful of potential catalysts that could spark this profile near term.
New Breakout Idea - 4 Potential Catalysts To Know Now
#1. A recent acquisition could signal big things are cooking for this company in the near term and it sounds like the CEO thinks this may just be the beginning.
#2. Oversold leaning technicals. Heading into Tuesday's session, it had a 14-Day Raw Stochastic below 20% and a 14-Day Williams' %R above 80%. This profile could be due for a healthy reversal/bounce near term.
Could a vertical move start this week?
#3. An explosive chart history. Taking a gander at this profile's 1-year chart, it shows the story of a repeat intraday breakout mover with several big double-digit percentage moves.
#4. An apparent strong green close Tuesday. Watching this profile closely today, it made a strong green move which could signal good things moving forward this week.
Since we've got a minute, do this: