Silver is flying.

It’s surged 31% over the past month. 

If you’re wondering why this is happening, it’s quite simple. Silver just broke out of a huge base.

Take a look at the chart below. This base is nearly 15 years in the making:

This is a big deal. 

You see, us traders have a saying: “The bigger the base, the higher the space.” 

In other words, the longer a stock has been consolidating, the higher it should go once it ultimately breaks out.

It’s a very simple concept. But it’s extremely effective.

Identifying stocks climbing out of big bases is one of the best ways to locate big winners. So, let’s dig into a few of my favorite bases in the market.

Let’s start by looking at Tesla (TSLA)... 

TSLA is arguably the most talked-about stock in the entire market at the moment, and for good reason. It’s just starting to climb out of its four-year base: 

But that’s not even the best long-term setup on my radar… 

First Solar (FSLR) is on the verge of breaking out of a massive base: 

And Teradyne (TER) recently broke out of a massive cup-and-handle pattern that dates all the way back to the dot-com bubble:

Just understand that these are long-term setups.

Before entering any of these names, you still need to find an entry point on their daily and weekly charts.

Justin SpittlerChief Trader, RiskHedge