Morepen Labs VCP Studies

Sharing VCP analysis of Morepen MOREPENLAB

Currently in Advancing Stage

• In Less than 4 Weeks (26 sessions)
  Net Gain after Breakout = 106%
  
  Flag Pole was 80% High
  Consolidation was 291 sessions
  

VCP Studies:

Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.
Finally after 4 weeks of testing patience, Morepen broke out.

Basing Stage:

VCP Formed = 291 days, until successful breakout