HEPA follow up

    Posted by matt on 21st of May 2020 at 09:54 am

    HEPA - Chart Link - nice move, was new idea last night in a tight coil

    Update: HEPA follow up

    Posted by matt on 21st of May 2020 at 01:17 pm

    HEPA - Chart Link- following up on HEPA was a very nice trade idea from last night. BTW I did't play it I've had too many distractions this morning. 

    anyway just from educational standpoint, it had a nice coil (we like coils a lot here), it busted out, then notice it pulled back and found support near the broken trendline of the triangle (that's very common) and places where one can add to their position or buy a first position if they missed the initial move.

    so again these are things to consider - if you miss a move but like the pattern, keep an eye on it as you might get a 2nd chance opportunity to buy on a pullback that re-tests broken resistance which became support

    and another follow up on

    Posted by matt on 21st of May 2020 at 01:23 pm

    and another follow up on HEPA educational: here's a 5 min - see the big pop in the morning, then look what you got: my trusty abc pullback on light volume - that pullback retested the broken trendline on the 60 min which became support see the second image - so great example of buying a pullback after a stock broke out - using your smaller time frame to time it

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!