What I look for in momentum burst setup | stockbee

9/03/2014

What I look for in momentum burst setup

Short term momentum bursts of 3 to 5 days are extremely common in the market. I trade a swing trading method that tries to anticipate them or buys on breakout.

BIDU is an example of that kind of a setup.


It has everything I look for in a setup. It was in my anticipation watchlist for few days and finally broke out yesterday giving good entry which immediately turned profitable.

For a motivated trader there are hundreds of opportunities like these once you organise yourself to find them. 

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