Dear SMART trader,
I have been watching your thread since the beginning and appreciate your analysis. However my concern is that how to filter one or two best stocks from the "'broke out"' ones? What should be the criteria?
Thanks and regards
Reji
If you find too many stocks in breakout list use these to short list.
A) Prefer a smooth chart.
B) Closeness to year high is good
C) Prefer the one with high volume
D) Absence of 4% downward breakouts is good
E) Preference for first breakout after consolidation
F) Small capital base
G) Institutional holding
H) Sector with high relative strength
I) Recent Earnings/Sales acceleration.
J) Clear catalysts like
" Result announcement
" Bonus/Split announcement
* Sales Acceleration
* New Orders
* New Product
* Regulatory Policy Change etc.