I will be watching the following sectors closely this week:
Industrial Metals recently broke out to new highs and is now consolidating gains. I am looking for low volume weakness in the sector's strongest stocks, which include FDG, BOOM and BBL.
BOOM has made slightly lower volume recently and most indicators are bullish, can you explain how you will enter BOOM. Such as what type of intraday indication will make you move rather than simply entering at market and weathering the storm for a easily foreseeable long term price increase.
BOOM is not on my primary watchlist (though it is in my Focus List). While it could continue to go up, right now it's just too hard to find a good entry, and I think there are better candidates to trade.
2 comments:
BOOM has made slightly lower volume recently and most indicators are bullish, can you explain how you will enter BOOM. Such as what type of intraday indication will make you move rather than simply entering at market and weathering the storm for a easily foreseeable long term price increase.
BOOM is not on my primary watchlist (though it is in my Focus List). While it could continue to go up, right now it's just too hard to find a good entry, and I think there are better candidates to trade.
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