Question: How to catch companies on breakout, especially when market opens?
So I am a new trader to start with and have made some, lost some.
My quick question is if people can share some strategies they use to catch breakouts. I know support and resistance help, but somedays when a breakout takes place when market opens, it seems to contradict any market indicator or technical analysis.
I also know there are some information that could be monitored to know somewhat where the price will open the next day. Can I get some suggestions here. Thanks and much appreciated.
Answer:
You cant predict breakouts
Look up efficient market theory
You can do things that help you land on the breakouts such as buying on the dip and such
You may BUY NUTEK INDIA - Telecommunication service provider company's Share at Rs 1 only, Company issued shares at Rs 192
Give me an example of a stock that broke out and contradicted Technical Analysis....I don't mean a sudden event such as the sinking of the that cruise ship....that is unpredictable by any means....give me the name of a stock ticker and I will analyze it and show you what to look for.
Edit: Ignore @S...he is an INDIAN pumper that stock he is pumping is a dog
http://bigcharts.marketwatch.com/advchar…