[isatrader]

Is this a textbook breakout or too good to be true? (Still learning)

It's not a textbook breakout as the weekly volume requirement is not there yet, but it's a shorter week, so was good relative volume on the daily chart yesterday, and you'd want to see that continue through the week. As the volume should be at least 2 times the 4 week average volume by the close on Friday. But was a strong move yesterday to breakout above the feb high. You also should look at its sector, and what its peers are doing.

A difficult one in terms of risk management imo at this point, as it has a 4% spread as I type, and no recent consolidation for the stop loss position, and being very small is going to be more volatile. So you would need to be very careful with your position sizing too.

But an interesting looking chart pattern though, but risk on this one is high.