- Price breaks out over established resistance on above average volume
- Stock closes near the high of the day, printing a long range bar
- Evidence of accumulation prior to breakout
- RSI is at a higher level than when at previous high
- Stochastics printing higher lows previous to breakout
Both stocks fit the breakout critieria. All that is left is a low volume pullback to the breakout point. I'd like to enter Amazon around $44 and Boeing at $92.
No comments:
Post a Comment