Possibility of BOA clear Breakout and sustaining above 215 might open up the probability of 350 price levels, as per basing pattern.
A strict Stop Loss of 135 is to be followed on a closing basis.
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ALWAYS GO IN WITH A PLAN
Virtually every endeavor—playing a sport, building a house, jackhammering a street, running for political office, or performing a surgical operation—requires a plan before you get started. A contractor wouldn’t even start to dig the foundation for a building without having blueprints. Before every game, the coach of your favorite sports team drafts a game plan and presents it to the players. A surgeon has test results, MRI imaging, and a surgical plan before making the first incision.
If you want success in the stock market, before you do anything, you should develop a plan.
(from the book)
- Minervini, Mark. Think & Trade Like a Champion
