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Stocks

Basing

When a stock stays within a certain range and forms recognizable patterns, such as a cup with handle or a saucer base, it is said to be consolidating. This is a crucial phase where the stock is being accumulated by investors before making its next upward move. As knowledgeable finance professionals, we keep an eye out for these stocks as they often lead to significant gains when they break out of their consolidation phase.
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