Oil continued to fall today, even with geopolitical tension in Russia, and buyers put money to work today, logging another accumulation day for the market. It was a good day for the Watchlist too, as both stocks triggered. Let’s look at those first.
The big mover was TRLG. It was trading as much as +9.24% from the entry point posted on the Watchlist. I like the volume that has been coming into this stock and the chart is indicating that it could move even higher.
As I mentioned yesterday, I was only looking for a quick trade in the next stock. IWOV gave a nice day trade. It traded as high as +2.82% from the entry point posted in the Watchlist.
In the Education section of this site, I posted a trading lesson called “How to Get Positioned for a Big Move”. The lesson talks about using indicators to find periods of tight consolidation which often lead to big moves. Last week, the NASDAQ broke out of this type of consolidation period, and has made a nice move in the last few trading days.
Click to enlarge and see breakout.
Check out the trading lesson if you would like to get positioned for these kinds of moves.
Good luck and good trading!
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