UAMY: 5-Month Cup & Handle – VCP Breakout
By:TradingView
United States Antimony (UAMY) has been quietly constructing a massive 5-Month Base that is taking the shape of a classic Cup and Handle. In trading, there is a simple rule: big bases equal big moves. Within the right side of this structure, we saw a textbook VCP (Volatility Contraction Pattern), with the price action tightening up beautifully to absorb the last of the overhead supply. The stock has now triggered a Breakout on Strong Volume, confirming that institutional money is stepping in.
Because we want to ride the resulting trend of such a large base, the strategy is to build the position systematically. Start building your position here, and plan to keep adding on pullbacks to the 10-Day or 20-Day EMA as the new trend establishes itself.
Reasoning:
Because we want to ride the resulting trend of such a large base, the strategy is to build the position systematically. Start building your position here, and plan to keep adding on pullbacks to the 10-Day or 20-Day EMA as the new trend establishes itself.
Reasoning:
- 5-Month Base / Cup and Handle (Massive structural foundation)
- Big bases -> Big moves
- VCP Pattern (Volatility Contraction Pattern clearing supply)
- Breakout on Strong Volume (Institutional footprint)
- Scale-In Strategy (Add on pullbacks to the 10/20EMA)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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