Scanning the market every day can be exhausting. But all it takes is one stock that pops right after you spotted it to keep your blood pumping and make it all worth while.
Ian Cooper has helped us (and thousands of others) spot great trades on a very consistent basis. He writes the Chart of the Day and about a month ago he turned our attention to a stock he noticed was ready to take off. (check out the article here)
“LOW is also technically oversold at double bottom support. It’s also over-extended on RSI, MACD, and Williams’ %R. From a current price of $185.40, we’d like to see the LOW stock again challenge prior resistance around $199 a share initially. Eventually, we’d like to see the LOW stock run back to $220 a share.”
Not quite to 220 yet but I am not complaining about getting this heads up.
Notice that he also offers a great explanation of what caught his attention. This not only drops a great potential trade in your lap, it also gives you some tools to spot more.
Ian’s Trigger Point Trade Alerts are a great way to create your own winning trade machine. Check it out here.
Keep learning and trade wisely,
Market Wealth Daily
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