Breakout is one of the most popular strategies used by Investors. Once a stock breaks out, it does make a big move but the only issue we cannot time it. All one can do - Buy and Hold and watch the Breakout structure.
Here's WalMart stock earlier this year in April -
WalMart Breaks out pic.twitter.com/2GGW6kdfk8
— Deepak Singh (@smarket) April 7, 2017
Breakout got more reason to sustain
Same-store sales: 1.4 percent growth at U.S. stores...not bad
— Deepak Singh (@smarket) May 18, 2017
Here's WalMart stock now 6 months later:
It's Up 16% - not bad for such a Large cap stock. This is not end of the move. Breakout usually builds on itself
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers