The chart looks very attractive.
If one looks at its Quarterly chart, it'll seem like a test of the breakout area, and now headed higher for yet another breakout.
Notice there's a similar pattern formed in Oct-Dec before it broke out.
Moving along with sector.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
If one looks at its Quarterly chart, it'll seem like a test of the breakout area, and now headed higher for yet another breakout.
Notice there's a similar pattern formed in Oct-Dec before it broke out.
Moving along with sector.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Comment:
It has tested the breakout area of the box BO, and is headed higher.