I could buy that it is in a bottoming base. So, your waiting for the breakout and a hold above 50dma?
ALAB is hot today, and ready to break above a “consolidation” that could be like a Darvas box, but not near 52 week highs, but box does look to be 3 weeks or more. Also, living above 50 and 200 and the 50 is about to move over the 200.
Some other stocks that are moving above recent highs or bounce above or off trendlines on some volume: RBRK, ANET, CRDO, XBI, OSI, TOST.
USFD has a tight flat base it is above to breakout of.
DKNG has a stage one cup with handle to watch.
CAVA continues to look good coming off a test of previous lows around $71. I have be accumulating for a long-term position in search for a 10 bagger. Looks like its low will be above the 50dma after dancing with the 50 for a while. It has broken a downtrend line. I will add more today.
MMM is a turnaround story that I have faith in due to new CEO. It is about to breakout of a stage 1 consolidation, but EPS reports in 9 days, so dangerous.
Check out MNTN, new IPO mentioned on Cramer last night, so it spiked and is off the highs. It is in the digital ad space and track if you use your phone or computer to respond to an ad inserted in streaming TV. Today’s high could be a pivot point if it consolidates.