Trade SMART

I am new to TA and learning the same. I do read all your post daily and try to learn from it. you had given breakout of FEDDERLOYD in todays post. I was looking at chart but can't make out reason. Can u plz explain reason for breakout. It will add to my knowledge.
Regards
Dear Pchartis

To be frank, I do not know the reason for breakout.From my experience you just cant find a reason for stocks going up in most of the cases.Mr. Market thinks it is worth going up and we just follow him.
 

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