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Strategies & Market Trends : Charts for Breakout II -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (8076)11/5/2021 8:23:19 PM
From: Rarebird  Read Replies (1) | Respond to of 8531
 
AA is currently trading in a 7%-8% box range. My position is somewhere in the middle of the range. I have no idea how long this will continue, but I expect the resolution to be positive. I experienced this with another stock recently for 6 weeks before it broke out to the upside. If a stock breaks down below the box, I sell. I increase position size for every upside break out above the consolidation box. Not only do I let my winners run, but I pyramid my positions on the long and short side.