One question people ask: How should one ride the Gains? Well Power Grid stock has tried to answer this question
Power Grid = The stock managed a Breakout above 148 on Weekly Chart in May 2016
Source: Chartalert.com
When a stock breaks out, then an ideal thing a stock can do is – Deliver a nice trending move. Power Grid stock has just done that be it on a weekly chart or on daily Chart. Here’s the daily chart –
Source: Chartalert.com
What lesson can we learn?
The best breakout plays are those stock charts where stock post breakout follows a nice trending move. It helps traders ride the wave. Even Short term traders can look at this moving average and keep playing it till the party lasts
The Blogpost is for educational purpose only