It was a superb profit yesterday with $23,500 but it's even more important to understand and studying the buy/sell Queue combined with the Market Depth. Looking at 2-3 prices away from the current price, it suggested that the timing for this counter to run again is not yet ready with sellers looking to either cut loss or cash out since most of them chased at the breakout yesterday.
The Market Depth has 20 price levels but I am particularly interested in 2-3 levels because it tells me if a stock is ready to run or not. If you are interested in the market depth, you would need to subscribe and pay for it monthly and it provides wonderful clue on the buy/sell queue. However if you don't have market depth, it's ok too because I will share more on the strategies on how to use it this Friday. Here, I would love to thank all who registered for Fri and it's almost full. I am closing registration soon.
Ronald K - Market Psychologist - A Stock Market Opportunist