When we wrote our first swing trading book more than 10 years ago, we gave an example of this setup found on the day we wrote that section of the book. On the chart to the right you can see the long-term, consistent uptrend in the stock with the well-formed consolidations we talk about in our swing trading alerts.
Key characteristics to look for when applying technical analysis. Volume was building as the price was breaking its downtrend.
A couple months later after our swing trading book was published, we looked back and found that the stock had made a huge move to the upside. The first time we had checked the stocks performance since putting the trading setup into the book before it made its move.
It was a great longer-term swing trade. The kind of swing trading opportunity and chart pattern that gets us excited every time we see it. If you like to make money in the market trading stocks during a sustained market uptrend, this is a great setup that continues to work well. Read more
For more active trading and during market corrections, check out our blog for video reviews of real trades using our earnings eruptions, explosive bottoming and high, tight flag strategy which work well for both small and large accounts.