MU follow up

    Posted by matt on 3rd of Jun 2020 at 03:34 pm

    MU - Chart Link- 60 min see comments, nice move on that ABC and now price is at the daily trendline

    MU - Chart Link- here's the daily - it's getting close to breaking out, however notice how that 60 min abc allowed you to buy sooooo much earlier

    anyway a great example that played out in real time from Monday

    now one can buy the breakout on the daily but that's why guys I always like to monitor the smaller time frames like a 60 min, look for those earlier triggers

    Update: MU follow up

    Posted by matt on 4th of Jun 2020 at 10:43 am

    MU - Chart Link - MU broke out of that daily resistance today nicely!

    MU - Chart Link - 60 min view, again early entry on the abc pullback inside the pattern, and then one could have added on the break today

    Update: Update: MU follow up

    Posted by matt on 4th of Jun 2020 at 10:46 am

    MU - Chart Link - one more thing on MU - the initial stop would have been the low of C. Now with the breakout stock could be move up to that next higher low around 48.5

    Thanks for this one.  One

    Posted by skitexas67 on 3rd of Jun 2020 at 03:48 pm

    Thanks for this one.  One of my first successful ABC's on Monday.  I'm already able to trail stops and waiting for a break out.  Thanks again!

    awesome discussion and trade...

    Posted by arun on 3rd of Jun 2020 at 03:45 pm

    awesome discussion and trade...

    look guys I know many

    Posted by matt on 3rd of Jun 2020 at 03:53 pm

    look guys I know many of you want us to tell you exactly went and what to buy and sell, and maybe that's something I can look into eventually.

    but in the meantime when folks ask me what am I paying for to be here?  You pay us to spend the hrs each day to scan the market for a list of trade ideas for you, this is hrs throughout the day and week that you don't have to spend. It's like a rich guy - he'll pay someone to do a lot of choirs work that he's time is to precious to spend on. You pay us to spend the  40 plus hrs a week you don't have to scanning for ideas, giving educational tips, showing what we've learned, and other things.  

    The members who use the service the best - they think of it as paying us to spend the hrs to run scans and find ideas for them, which they then put on their charts and quote lists to monitor for triggers. s pending $50 a month is worth it for them not to have to spend the few hrs each time to run their own scans

    You guys do a GREAT

    Posted by profmel on 3rd of Jun 2020 at 04:09 pm

    You guys do a GREAT job! I really appreciate the educational part, too. Wish I had known about ABCs 20 years ago!

Newsletter

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