How can you daily find stocks like these?
Anticipating a breakout helps you get an early entry and can improve your per trade profit. It also can lower your risk.
Anticipation requires more pre planning and effort than buying a breakout. You need a process flow to do that.
While any stock can have breakout, what we are interested is in a stock that meets our setup criteria.
Some of these breakouts can be anticipated and once you setup a process for doing that you can reduce market noise and focus on your set of stocks.
The first step in anticipating a breakout is to focus on stocks with established momentum. You can do it using many ways.
Candidates get added and deleted to this.
From the above I have shortlisted these 5 as best candidates to watch for possible breakout in next few days.
The above 5 stocks I have put in to my watchlist on IB platform and put alerts for them for b/o.