Synchronization
Successful daytrades are often spotted by finding charts that have bullish
(or bearish) patterns on both the daily and intraday time frames. When this
occurs, the chances of follow through are higher. PF Chang’s
(
PFCB |
Quote |
Chart |
News |
PowerRating)
from last Friday is a good example.
11:41:03
Intraday Setup Alert
PF Chang’s (PFCB)
is trading in a
Slim Jim at the intraday high. PFCB is now up 1.59 to 67.39.
A quick look at the daily chart shows it is at new highs, above
any resistance, before sliding off later in the day.
This is a good indication the stock will break out of the Slim
Jim, which it does.
Learn to find instances where theses two time frames are in sync,
like our team of analysts do, and you will be well on your way to becoming a
potentially successful trader.
Until tomorrow,
Duke