Oftentimes, if a stock progress well, you may want to increase the holding of that stock in your portfolio. In such cases, to take a follow-up entry can be a smart move. At William O’Neil, we analyze how the best growth stocks behave soon after a strong breakout. It was observed that if a true market leader with top-notch fundamentals holds firm near a certain price level for at least three straight weeks, it can give the alert investor a chance to add shares ahead of another solid price run.
Continue reading “Technical Analysis: A 3-Weeks-Tight Pattern on Chart Indicates an Extra Buy Point”Learning Article : Breakouts: Key to materialize gains
Last week, we discussed about CANSLIM parameters such as EPS, Price Strength, and Group Rank to increase your chances of winning. But it is important to initiate your positions at the proper time. A breakout from a base pattern is considered an ideal time to buy a stock. Continue reading “Learning Article : Breakouts: Key to materialize gains”
Learning Article : Breakouts: Key to Materialize Gains
When markets are in a correction or in a Downtrend, 3 out of 4 stocks feel the pressure. Even quality stocks start falling. These situations can be discouraging for investors. So, even when the market seems to revive, one feels inhibited to actively take positions in individual stocks. Before the situation becomes clear, all the good stocks would have already rallied and what’s left is a lost opportunity.
How does one cope and find a reliable and profitable way out of this randomness? Thanks to technical analysis and historical research, there are tools which can bring some method to this madness and be beneficial. Continue reading “Learning Article : Breakouts: Key to Materialize Gains”