Woo, this is one of the many combinations that my Powerful Stock Scanner can pick up.
At first, price started to pull back towards moving average line and broke down. Falling price
was halted by "buying-in" from the Professionals and this was automatically alerted with a symbol
below the price bar.
Immediately after the price was supported (Climatic Action), Professionals continued to move price
higher. Price closed near the day high denoting enthusiasm to move higher the next day.
The Professionals aggressively accummulating the stock was denoted with a Blue Diamond symbol.
This was clearly illustrated again in the Mid-April and Early-June.
In many cases where Blue Diamond appears, price will immediately move higher away from the cutloss trigger set from previous day pivot level. So if the cutloss level is not triggered, continue to hold the stock and
adjust the cutloss level as price moves higher to protect the profits.
Do not be greedy, be happy to exit the trade if the profit protect level is triggered.
Use the scanner to pick the next potential stock for such a combination again in any stock exchanges.
Next posting, I will show Power Strategy #2 - Testing Base + Go Long Combination.
This is where the Professionals will probe the stock price to see if there is anymore sellers before
launching a delibrate pushing up of the price quickly.
Catch up with you again, bye.
