It's been over a month since we launched Breakout Multiplier, and oh boy have we been having fun!

We've navigated through some challenging market conditions, but it hasn’t stopped us from finding plenty of solid opportunities on the long side.

We've managed to secure several significant wins already. 

In this post we’ll review some of those winners and discuss how we’re handling our open positions.

We’ll do this at least once a week going forward.

Here’s our position tracker, updated as of this afternoon (click to enlarge):

SoundHound AI $SOUN is working its way up the right-hand side of a massive rounding bottom formation.

This pattern appeared to resolve higher with authority in Q1 as SOUN rallied roughly 500% in a little over a month.

However, it has spent the last 6 months coiling in a wide-ranged symmetrical triangle pattern, right around the base breakout zone.

Price is currently sitting in a roughly 50% drawdown from the March highs, but this $5 level is a big one. It not only coincides with a critical polarity zone at the Q1 and Q2 highs from last year, but it is also where the AVWAP from the IPO comes into play.

After breaking out of a decade-long base in 2022, Exxon Mobil Corp $XOM has been consolidating in a well-defined range above a shelf of former highs.

Price is flirting with the upper bounds of the range as buyers absorb the overhead supply at this critical resistance zone.

Here's the chart: