Gil Morales is along Mark Minervini - one of my virtual teachers. Their methods are my go to methods when it comes to running analysis and performing trades.
PHI has shown a 'buyable gap-up" where the stock moved higher on Dec 17th on increased volume and keeps above the gap level. The Stop Loss for such a setup would be locate an the bottom of gap bar (altough in...
Buyable Gap-up raised by William J. O'Neil in "Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market".
First it has a uptrend from MA30 (right chart - weekly chart), price started form in consolidation (left chart - daily chart).
Typical Stan Weinstein's Stage 2 forming. Price breakout from base and gap up on 5th Feb, volume was 17.048M which is...