BF UTILITIES LTD
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BFUTILITIE bullish above 1020..?? - 26/7 September.

BFUTILITIE: Bullish if ~7 month long consolidation range is broken on good volumes and sustains.

The above information does not constitute investment/trading recommendation and it is purely for educational purpose....

INTRADAY Trading Strategy in 3 stages of breakouts:

1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade, to book high profits in the final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)

Both Safe Traders/High Risk Traders book profits at this stage

SWING Trading Strategy:

Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)


The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....


บันทึก
not triggered yet... hope for tomorrow!!
บันทึก
Triggered and moved well to 1043, over 2% in first 5 minutes
บันทึก
made a good move to 1095 today, (over 7% in 4 days) after 2 days of decline
Chart PatternsTrend Analysis

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