A few people were asking me about my process, or in other words, how do I find - and select - a particular stock, like TransEnterix ($TRXC), which I posted on social media (Twitter, StockTwits, TradingView, etc.). First, you can see from the U.S. ranking blog post here, that at the time of posting this chart, Health Care was (and still is) an outperforming sector compared to its benchmark, in this case, the S&P500. Drilling down into the Health Care sector, I am looking for

Here's a daily chart of $NVCR. It has, so to say, done nothing for 7 months (sideways trading). From mid October to yesterday's close, we are looking at an ascending triangle, to be confirmed once the price can breakout of its strong resistance around the 22.50-23.00 level. If this breakout would occur (remember we are always dealing with probabilities and possibilities, never certainties) we can then "project" a target price a few cents above $30. This target price is derive