I understand the concept. I think in a trending market, that's a good plan. The market's been trading sideways and not supporting the breakouts. It seems to me that buying at support, and selling at those resistance levels would be more profitable? A $4 swing on a $14 stock is not a bad ROI.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.