Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
ALK Alaska Air Grp Inc
MEOH Methanex Corp
PE Parsley Energy Inc
RES RPC Inc
Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
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Dave Mecklenburg is the Publisher of TigerSharkTrading.com.