Daily 2-Minute Chart Study #244 – Rebound + Breakout Level Considerations

Share it with your friends Like

Thanks! Share it with your friends!

Close

LIKE | COMMENT | SHARE | SUBSCRIBE
A Muathe.com Original Concept!
Using Mostly Original Muathe.com Concepts!

Secondary Breakout Levels: https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZRnma0x7iYgwYwSesXoDYd

RSI 50 Level Uniform Support or Rejection:
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZy6WqgZkBGhDt-LzoRDvYT

Lantheus Holdings, Inc. (LNTH) $LNTH

Comments

Piknoo Selvan says:

Eric sir, As you explain that a breakout is legit when two (atleast) week.day of rest and cross of previous close high.
I incorporated the whole system in my software. The output emerged was that if there is no MACD crossover of opposite kind then long position may be taken once high of previous day ( day in which stock is taking rest) is crossed.

Thats an early entry for short term gain( 1-2 days)

Comments are disabled for this post.