U-Breakout Strategy

Hello Team, I want to share a strategy that I use pretty often especially recently with the way the market has been. PM runners are always on watch for market open. What I've been recently seeing is a stock jumps at open in the first minute and comes crashing back down unitl it finds support and bounces which it then goes on to break that market open high. As you can see in the chart the green line shows the resistance at open. Instead of trying to find "the bottom" and hope you caught it the right time for a bounce play you can have an order ready slightly above that resistance ready to break that high. I usually have it about 1-3 cents above the resistance. I dont suggest putting it exactly at the resistance line because it might touch it and fail to breakout. Today for CLNT I had a limit order ready at 4.76 which was filled for the break and the strategy worked perfectly. This is a less riskier strategy that I use to profit consistently. Even though you get in higher it is more secure because you know a reversal is occuring. Remember to secure profits and hopefully this helps. Please use this strategy at your own risk.

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