DELL March 13, 24 How I use gap up to buy and sell

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One of my favorite technique to buy a strong stock on huge gap up is

  1. Wait for some days after the gap up to see a range would be formed.
  2. From here I have 2 choices

  • If a stock will go up an upper range, I will buy it as soon as the stock crossing up, stop loss if it will go back to the range
  • If a stock will move down to the lower range, I will buy as closed to the lower range as possible, stop loss if the stock moves down further


DELL falls in to the second case. I bought it around $114 yesterday very closed to the lower range (the purple line) and then sold it today around $110 as the stock crossed down further
Trade attivo
We have re-entered the position on March 21, see the related ideas section for details.
Chart PatternsTrend Analysis

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