This came up in my customized Think or Swim breakout scan, looking for consolidation and volume.
Consolidating, Bollinger Breakout, Volume Increase- We Shall See....
This is from a scan I created on Think or Swim, looking for potential breakouts. It has been consolidating for at least the past 4 hours and is above the midline of the Bollinger Band.
This stock just split, the company announced big news, there is huge buying volume, huge momentum. I set a sell limit at $35 and a stop loss at $22, so very little risk and would walk away with $100 in a super short amount of time.
Let's see if buying on huge volume increase is a good strategy...