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.
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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nice
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