Filters (0 applied)
The previous day this stock stayed under a key resistance level all day and at market close popped over it for an intraday and multiday breakout. Yesterday's price action is best indicator of the next day so I made a plan. It stayed under the 10 price point all day so I bought a call. At close it mimicked the previous day's action and it popped. This is my first trade as a Tim Challenge student. I spent 90 days learning the material and finally put it into action and it works. Thanks Tim!!!
History of multiday breakouts. Yesterday was it's first red to green move. Breaking out over 10 and 100dsma, testing 50dsma, Decided to buy if breaks out the 50dsma of 8.50. Plan to sell just under 9. Bought at 8.60, strong support at 8.55 so risked down on that. Once stock held 8.75 I entered a stop order at 8.60 to breakeven. Now 1/4/16 3pm EST last hr of trading and it bumped to 8.80, wall of buyers on level 2 at 8.80. Held overnight. 1/5/16 market open caught a spike and got out at 9.05
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
