RE: Stage Analysis Beginners Questions
(2020-11-19, 07:51 PM)isatrader Wrote:(2020-11-19, 07:46 PM)miche Wrote: Oh wow! I see the strenth since it\'s been above to 30MA for a good amount of time and a pretty small stage 4. How would you catch that breakout ahead of time? Would you look at after hours trading? I seem to keep missing out and of course want to minimize risk. Thanks!
It's an earnings gap, so you would use buyable gap up entry rules or the fishhook setup that I posted videos about. Personally, I prefer the fishhook, as you wait and see how the gap up closes, and then that is your entry point if it moves above it in the following days.
SONO was on the weekend watchlist. So tend to find most of the good ones ahead of time.
I see so it's better to use the fishhook and wait until later in the day to see how well the gap up holds rather than buy at the open you'd notice the high volume. It was on your watchlist so from there you'd want to keep checking it everyday?
Do you think is important to catch the open in general when trading? I'll check things on my phone when I wake up but hard to look at charts at the open. I don't trade/hop on computer until mid-morning which is 12:30pm EST Got to get kid sleeping w/o me
