Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...). Takeaways from the video: 1) You can't tell successful follow-through from the daily graph itself. You have to watch how it...
Already long 50 shares @ $24.37 with $22.37 stop loss. However, looking to add over $26. My stop loss will then be $24.50 and my target $28
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: DO NOT TRADE EVERY DAY OF...
NYSE:BJ Short below yesterday's low of 25.22
1. Not up three days in a row 2. Linear move up prior to consolidation 3. Young Trend 4. No breakouts or breakdowns during consolidation phase 5. Clean and low volatility consolidation ***see roboticinvesting.com for more details on Momentum Surge
I think its a Parallel trend following bull chart. Buy Zone- $28.06 to $27.50 Sl- any daily close below $26.85 ( or you can wait next day for my confirmation) 1st Target- $32.98 2nd Target- $37.03
I got a few BJ recently Manage your risk! gl hf xoxo snoop