Today 2 good examples of patterns! The first is to dip buy recent Contract Winners on the daily chart dip after previous red days and after some consolidation: a beautiful example was AJRD, infact my evaluation was correct! This stock was a recent Contract Winner with NASA (for some deals about planes on the space)! As you can see on the chart the was a good gap-up but 4 days in a row of drop (red days), and todays after a consolidation around 17,25/17,30 area, and a multi-month support level around that area, I decided to buy at 17,30 for 0,05/0,08$ risk and 0,70/1$ reward!!! Amazing, the spike and the late day squeeze, that confirms my thesys! I locked only 1000 shares from the previous 4000 shares buy and I’m holding the rest over-night!
The other one is KANG, that this morning I tried to buy on dip (I was right on the idea, but wrong on the time and I lost (bought too early), but on late day I bought again (at 19,10 and sold around 19,30sh area) expecting a short squeeze after this nice Earnings Winner! Searching for Earnings Winner and buy on specific points (on dips for example) in order to improve the Risk/Reward is the best! (I have to get credit to my Millionaire Mentor Tim Sykes!)
Good post but we deleted links to outside websites, that's not allowed
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