Breakout and Gap Stocks

Do you analysis any London stock or only US?

 

BBY a little flag here, may finally breakout into the price gap

BREAKOUT WATCH for possible breakout above 27.86, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 30.65, 12.4% Stop: 26.43, Loss: 3.1%, Profit/Loss ratio: 4 : 1 - Excellent



source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BBY"><u>BBY at StockConsultant</u></a>

 

mkhanie only US

 

Good follow through today on the breakout

 

nice move this morning with a confirmed breakout

 

strong day for FST entering the price gap

 

MOS pressure building, breakout watch

BREAKOUT WATCH for possible breakout above 50.39, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 53.57, 7.2% Stop: 49.13, Loss: 1.7%, Profit/Loss ratio: 4.2 : 1 - Excellent



source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MOS"><u>MOS at StockConsultant</u></a>

 

watch BBY on second bottom breakout attempt

 

I haven't read through every thread here, but:
1) how do you define a breakout?
2) when and how do you admit your wrong on a beakout trade gone bad?

 

a breakout is the rise above (or breakdown below) a well defined resistance area, single, double,triple, triple+, usually the StockConsultant defines the upper/lower extent of this area.

you are usually wrong when it falls out of the bottom of the resistance area with strong volume, but it could skirt along the resistance area for some time with multiple tries before breaking out.

i like to use options at times to limit risk and will usually give up to a month for the trade to develop or fail

of course this is all just my opinion.