Markets move in direction of range expansion. If a stock is trading in narrow consolidation pattern and then has range expansion chances are the stock will continue to go in the direction of range expansion for few hours to days and sometimes month.
These stocks had range expansion yesterday:
Long
ZLC
ASTX
DGLY
SOHU
FANG
PXD
MNK
EC
MCY
Short
WSM
For best results such swing trades should be entered as soon as they start to breakout. That way you get early entry.
A simple range expansion scan in any software can help you find these kind of stocks once you understand the logic behind swing trading range expansion.
These stocks had range expansion yesterday:
Long
ZLC
ASTX
DGLY
SOHU
FANG
PXD
MNK
EC
MCY
Short
WSM
For best results such swing trades should be entered as soon as they start to breakout. That way you get early entry.
A simple range expansion scan in any software can help you find these kind of stocks once you understand the logic behind swing trading range expansion.
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