Started this thread to share some of my favorite stock chart setups: breakouts (new highs) and stocks with upside gap breakouts.
Stocks listed will have good volume averaging > 600k shares per day and are listed stocks (no BB or pennies).
As always please do your own DD as these posts are just my opinions and could all be BS.
Start with the first stock.
APOL
Today APOL confirmed breakout into the gap. Gap is pretty large with resistance above some 24% higher.
BREAKOUT CONFIRMED breakout above 20.97, no resistance in area just above.
Type: True breakout from double resistance.
Target: 23.87, 11.5% Stop: 20.43, Loss: 4.5%, Profit/Loss ratio: 2.6 : 1 - Good
CURRENT PRICE 21.4, just above resistance, 20.37 ± 0.59, type double, strength 10
RESISTANCE ABOVE +24.5% at 26.64 ± 0.77, type double, strength 4
+34.1% at 28.7 ± 0.83, type triple+, strength 5
+40.8% at 30.14 ± 0.87, type single, strength 5
Stocks listed will have good volume averaging > 600k shares per day and are listed stocks (no BB or pennies).
As always please do your own DD as these posts are just my opinions and could all be BS.
Start with the first stock.
APOL
Today APOL confirmed breakout into the gap. Gap is pretty large with resistance above some 24% higher.
BREAKOUT CONFIRMED breakout above 20.97, no resistance in area just above.
Type: True breakout from double resistance.
Target: 23.87, 11.5% Stop: 20.43, Loss: 4.5%, Profit/Loss ratio: 2.6 : 1 - Good
CURRENT PRICE 21.4, just above resistance, 20.37 ± 0.59, type double, strength 10
RESISTANCE ABOVE +24.5% at 26.64 ± 0.77, type double, strength 4
+34.1% at 28.7 ± 0.83, type triple+, strength 5
+40.8% at 30.14 ± 0.87, type single, strength 5
