LAYN - Chart Link - discussed last night,
I would have preferred for this to have consolidated for a day or
so before breaking out in order to gain more energy for a more
sustained breakout, so now I will be inclined to take profits more
quickly. What I will be watching for when it does pullback is
if prior resistance becomes support and could be bought a second
time.
LAYN follow up
Posted by matt on 11th of Aug 2016 at 01:20 pm
LAYN - Chart Link - discussed last night, I would have preferred for this to have consolidated for a day or so before breaking out in order to gain more energy for a more sustained breakout, so now I will be inclined to take profits more quickly. What I will be watching for when it does pullback is if prior resistance becomes support and could be bought a second time.
do you really trade stocks
Posted by california on 11th of Aug 2016 at 01:27 pm
do you really trade stocks with this low volume?
I'll trade any valid setup
Posted by steve on 11th of Aug 2016 at 02:07 pm
I'll trade any valid setup that will make me money but you should only trade what's appropriate for your type of trading and risk tolerance.
KMG was a low volume setup but I really like coiling patterns. These are atypical setups and not very common for watchlist trade candidates.
thanks, Steve was not meaning to
Posted by california on 11th of Aug 2016 at 02:09 pm
thanks, Steve
was not meaning to sound critical, just wondered if you have volume criteria for liquidity purposes