VGGL was on watch list on 11/16 for a continuation trade over 3.13. I often received twit and email about how to trade stocks from watch list. Stock had a great day as it ran from our 3.13 alert to a high of 4.54. Over 45% intraday!
Let us look at a intraday 5 minute chart to explain various ways you could have traded this stock. We made almost $2,000 on our chat room with this stock today with our real time trade alerts.
1. Stock moved fast at open, often time it is hard for traders to catch the open run. Even if you miss the run at open, often times stock provides entry later.
2.Most of the time if stock runs fast at open and will hit the alert number. Alert number will become the resistance. You wait for some basing action and a setup to enter.
3. Basing action as moving averages holds up and previous resistance now becomes support.
4.If you are an aggressive trader , you can buy once the stock bounce off that resistance , around 3.10 with stop below 3.
5.If you want to wait for confirmation, you can buy once stocks break the day high around 3.24 .
6.If joined trading late, the stock gave another opportunity via intraday flag break, around 3.90 for a another run to 4.54.
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