Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Thursday, November 5, 2009

RX

The RX chart here illustrates something that I often use as a strategy when trying to get into a big breakout. Often when a stock gaps up huge at the open, it will fill in the gap in the first half hour to an hour of trading. In this case, if you had set a limit order to just above the breakout point, you might have gotten it (the breakout point is 17.86, O'Neil's buy point is 17.96, and the low was 18). I don't get fills very often, but when I do it usually works out well, a it would have here.

0 comments:

Google Analytics