IT's NOT AN EXACT SCIENCE!!!
What I'm looking for:
1) 95% Needs to be a Multi-day runner -
will make exceptions on a 1 day runner holding near highs could be a potential runner.
2) Focus on VOLUME - breakout pattern with Massive VOLUME
3) Good history of solid breakout move - ideally continue for few days after the breakout
4) HOT SECTOR - the best play
5) Clean daily candles
6) Big Range - can run multiple hundreds of % in few days
7) Low Mkt Cap - ideally sub $200M
8) Low Dilution profile
9) No Overhead Resistance near by at least 100%+ to next resistance.
How to buy a Multi-day breakout pattern?
1) Buy the breakout level using previous intraday support as a risk level.
2) Dip buy after the first move already happen using the breakout area as a risk level.
3) Buy into afternoon consolidation above the breakout for next leg up. (Not too far from the breakout)
4) Anticipate the breakout - trend shift,r/g move , trend line break, key trigger underneath the breakout ( Using the key support level on daily chart the most important level ).
Best Breakout 5 Stars -
BlueSky breakout
Multi-day lines with Multi-month resistance
Key round level breakouts 0.1, 0.5, $1, $5, $10....
@JackR great job!
Very nice video. I played LAES and KULR but I could have played them much better. Now I know more, thanks to this video. Thank you! :-)
Never seen any of the big boys in our challenge explain things this clearly. Everybody just says, "It's a breakout," or "It's a dip buy," and that's it—never explaining when to buy such a multi-day runner. Thank you so much, Shone!
@parvitrade thanks for the kind word
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