PHI - buyable gap up as by the rules of GILMO
Gil Morales is along Mark Minervini - one of my virtual teachers. Their methods are my go to methods when it comes to running analysis and performing trades.
PHI has shown a 'buyable gap-up" where the stock moved higher on Dec 17th on increased volume and keeps above the gap level. The Stop Loss for such a setup would be locate an the bottom of gap bar (altough in his book Gil does not recommend using this level as hard target - as that might be 'shakeout').
Happy trading to All!
PHI has shown a 'buyable gap-up" where the stock moved higher on Dec 17th on increased volume and keeps above the gap level. The Stop Loss for such a setup would be locate an the bottom of gap bar (altough in his book Gil does not recommend using this level as hard target - as that might be 'shakeout').
Happy trading to All!
Order cancelled:
I do not like how it moved out through the bottom of the base. Stock is out of short list.