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Stocks & Commodities V. 34:11 (89, 46): Vertical Runup by Thomas Bulkowski
Stocks & Commodities V. 34:11 (89, 46): Vertical Runup by Thomas Bulkowski
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Vertical Runup by Thomas Bulkowski
Sometimes you see a price move that just goes vertical. What happens after that move ends? The answer may be obvious to you, but there may be ways to find trading opportunities after the run is exhausted.
Many times I have watched a stock go vertical and wondered how long it would take before the stock starved of oxygen and the run died. Perhaps you have wondered the same thing about a move in a stock you owned. After the vertical move ends, what happens?
The obvious answer is that price drops. Of course it does! However, price actually continues rising 21% of the time, but at a slower pace. The other 79% of the time sees price give back just over half the rise. Those are some of the results I found when studying the vertical runup pattern for my new book, Chart Patterns: After The Buy ...
Sometimes you see a price move that just goes vertical. What happens after that move ends? The answer may be obvious to you, but there may be ways to find trading opportunities after the run is exhausted.
Many times I have watched a stock go vertical and wondered how long it would take before the stock starved of oxygen and the run died. Perhaps you have wondered the same thing about a move in a stock you owned. After the vertical move ends, what happens?
The obvious answer is that price drops. Of course it does! However, price actually continues rising 21% of the time, but at a slower pace. The other 79% of the time sees price give back just over half the rise. Those are some of the results I found when studying the vertical runup pattern for my new book, Chart Patterns: After The Buy ...
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