Hey Guys, Just a quick question. At what percent in terms of pricing should you not chase a stock after it broke out? like say it broke out at a dollar do you still consider buying it at 1.10? Would that be chasing or not?
Hey Guys, Just a quick question. At what percent in terms of pricing should you not chase a stock after it broke out? like say it broke out at a dollar do you still consider buying it at 1.10? Would that be chasing or not?
I would consider it chasing. 10% gain is value is a enough for it to reverse soon.
Yeah, that could be considered chasing, but you need to look at all variables involved. Has it gone supernova before? What does level 2 look like? How fast is it moving? What does the chart look like? Where's the next resistance level? Other indicators?
Join now or log in to leave a comment