QLYS – Qualys Inc. – Weekly Chart.
The cloud security service provider is currently forming a flat base pattern. The flat base has formed on the back of a long term base breakout as shown in the chart.
A flat base needs to be least 5 weeks long and be preceded by a prior uptrend of at least 30%+
Buy point on QLYS is 44.45 (or on pullback to the 50-week moving average).
At Trading Room we search for the biggest winning stocks in the market today.
We use market timing, industry group selection, and chart patterns with price and volume analysis.