Attention....this is my bread and butter....find stocks that have at least 2 million (I rather 3 mill) and up that are slowly moving up in the green.
Now look at their daily chart...if you see stock testing resistance and it has gap ups (huge bars) right above that resistance,they have a good chance of becoming runners.
Now go look at HL daily chart and notice resistance its currently trying to breach and then look at Nov 9th and 10th,see those long bars..that's where it will run once she breaches the zone of 3.97 or so
This is where you now watch volume..if volume starts increasing (buyers watch level 2 and volume bars on chart ) you join in or wait for confirmation of run to enter.
Keep stocks like this on your watch list,cause one day they will run ,especially on good news.
Contrary to what some think..I try to stay away from premarket and first half hour to hour of trading (unless its too good to pass). I wait for market to settle down, then look for stocks who are continuing their early am run and (wait for dip if warranted) moving slowly green now,then I check their daily chart and 60 min 30 min to be more precise in finding resistance levels. What I'm looking for is stocks that have gap ups right after that resistance level..
I use 1 min for entry and have 3min 5min 10min and 15min to see how it might continue move for the day.
I use daily to find resistance levels and to see if there are gaps (huge bars) right up ahead...I also use 30min and 60min.
