Momentum burst setups emerging

The market has bounced back vigorously from a 6% correction. In the initial few days the most beaten stocks rallied. You will see lot of "V" bounces on stocks.

But in last 3 to 4 days momentum burst kind of setups are showing up. Momentum burst setups work best for swing trades of 3 to 5 day hold periods.

Some of the good setups in last few days are: LXFT, RMTI, SGMA

Once you have well defined setup the task is easy as all that you need to do is wait for your setups to show up and act on them.

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