Multiple Entry Trend Following Points on STMP Stock

When stocks trend, there are always opportunities. Firstly I look for stocks with big moves up and then consolidations or stocks that I like the story that have been clobbered…ie SODA.

In this post I will speak about STMP

You can see the big move up…then huge retracement. That is your signal…you can see around the 105 range support came in. In trend following we look to take low risk bets. You could you the Livermore plus 3 as an entry….( 3 point move off the lows around 100ish)….that is one entry…another entry is the W pattern around 115…. or even breaking the trend line and cup and handle.

I drew lines around each of these. There are always opportunities and challenges when trend following.

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