To The Moon

$NASDAQ(.IXIC)$  

Many times people ask what is the secret of finding next multibagger.

The answer is find a stock that is giving a multiyear breakout.

What is a multiyear breakout ?

When a stock trades in a narrow range for a number of years and then suddenly it breaks out from that range this results in a multiyear breakout.

This comes after years of accumulaiton of a stock by big institutes.

Most of stocks doubles triples within a year or so after the multiyear breakout.

Let us see this in a chart .

This is the quarterly chart of Tesla.

As you see the stock was trading in a narrow range from 2013 to 2019

once there was a breakout stock went from 76 $ to 1200 $ within next 2 years.

Before

AFTER

Similar breakout happened in apple above 1 $ and stock went to 180 $

This does not stop here .There a lot of examples like gold gave a similar multiyear breakout and in the following years tripled .

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