ASX 1.04% $61.37 asx limited

potential trades... mondays bakers dozen, page-4

  1. 5,893 Posts.
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    cheers pb

    ABU is right on the breakout.

    I'm never totally sure how to play this kind of breakout. The question being, do you pay up and hope she'll keep going or wait and hope for a pullback and then jump on.

    You'll probably find most of my lists are made up of momentum stocks that have pulled back some way.

    Either a few days, in the case of fast movers, or else a pullback that approaches previous support or the lower bollinger.

    Of course I watch the depth closely for confirmation, but I usually find one or two good, quick trades amongst them each day, sometimes more.
 
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