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We all refine as we go. If i understand you, WAF recently broke...

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ktrianta

9,130 Posts.

217

19/10/21

08:36

Post #: 56894615
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Originally posted by Anonandon: ↑

My strategy is to pick a stock I like based on fundamentals, check the chart for strong support lines and then set a buy price just above it with a long enough time frame for it to be hit. Then I walk away. It worked recently for ALK where I set a buy price at 77 when it was trading in the low 90's. It didn't work for WAF recently. Occasionally I get undisciplined and increase my bid but it is surprising how often the original price gets hit.

I haven't been doing this for very long, literally the last six months only.

My selling strategy is less disciplined. If a stock has had a big run I'll sell and wait for a pullback.

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We all refine as we go. If i understand you, WAF recently broke out of resistance at $1.20 and got to about $1.44. It is pulling back now.

I assume you would set a re entry just above the $1.20 level? Probably makes sense as stocks tend to, not always, retest their breakout levels.
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0 Great analysis

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