Update on LTCN  - up

    Posted by rjdst on 5th of May 2021 at 10:32 am

    Update on LTCN  - up another 17% so far today with heavy volume.  Cleared resistance at $335.  Next areas are $395, $415 and ath at $508.  Trim & trail.....

    This is a great setup

    Posted by frtaylor on 5th of May 2021 at 10:40 am

    This is a great setup for a buy that I learned from another trader. When you have a push through the upper BB, w/ volume, look to buy a pullback into support, like prior highs or the 9ema, etc. It might be sometime the 1st day after the initial move , or the 2nd day. The point is that the high volume first day that shot through the BB tells you there's enough demand that buying a pullback is likely to be successful. Matt talks about buying pullbacks in other situations, but this one is a particular setup regarding volume and an initial move above the upper BB. Particularly good when the BB's are somewhat tight or "pinched."

    Does this work in reverse:

    Posted by timebandit on 5th of May 2021 at 12:49 pm

    Does this work in reverse: push through the lower BB with volume, buy a bounce into resistance. Thinking about QQQ, in particular.

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