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What to look for in good breakout

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Stockbee

To improve your chance of finding good breakout look for following:

✅stock should have range expansion on breakout day
✅day before breakout should be narrow range day or negative day
✅pre breakout there should not be more than one 4% breakdowns
✅stock should have linearity in prior action
✅correction or consolidation should be orderly
✅volume during consolidation should be orderly and low
✅stock should close near high on breakout day

https://stockbee.blogspot.com/2014/01...


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Software I use
Telechart https://goo.gl/DRdA4K
Trade Ideas https://go.tradeideas.com/SHJ0

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Bootcamps https://stockbee.podia.com/
Stockbee members site https://stockbee.biz
Blog: http://stockbee.blogspot.com/

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Disclaimer
The content is for educational purposes only , should not be taken as a suggestion to buy or sell anything. Do your own research. There is substantial risk in stock trading .

posted by tamnijimed