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Stocks & Commodities V. 33:09 (6062): The Breakout Relative Strength Index by Howard Wang
Stocks & Commodities V. 33:09 (6062): The Breakout Relative Strength Index by Howard Wang
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The Breakout Relative Strength Index by Howard Wang
Its not easy to determine if the price of a stock is about to break out. Heres one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.
The term breakout is well known among those who follow price charts. Its a simple concept, but the occurrence of a breakout causes a lot of excitement among technical analysts. Its the first sign of the beginning of a trend or trend reversal. An equity you have been following may have been moving in a trading range between support & resistance levels for a few months and suddenly price breaks out from that range with increased volume. But even that is no guarantee that the stock will start moving in an uptrend or downtrend. How do you determine if the breakout is about to happen, and how do you determine the relative strength of the breakout? Theres no easy method, and this is what led me to find a way to identify the hidden breakout factors that arise from fluctuating stock prices...
Its not easy to determine if the price of a stock is about to break out. Heres one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.
The term breakout is well known among those who follow price charts. Its a simple concept, but the occurrence of a breakout causes a lot of excitement among technical analysts. Its the first sign of the beginning of a trend or trend reversal. An equity you have been following may have been moving in a trading range between support & resistance levels for a few months and suddenly price breaks out from that range with increased volume. But even that is no guarantee that the stock will start moving in an uptrend or downtrend. How do you determine if the breakout is about to happen, and how do you determine the relative strength of the breakout? Theres no easy method, and this is what led me to find a way to identify the hidden breakout factors that arise from fluctuating stock prices...
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