CNI , Recent base break with volume added to my primary buy list
This is exactly what I like to see for my strategy . We have a break out of a base into all time highs along , decent volume and a longer term base. Also high institutional ownership at 77.8% and price tag over $100 are extra points that put this as one of the top buys on my list.
I have been having growing success playing stuff that has not pulled back yet on daily as day trades where I pay myself earlier on and try to hold a core position. As I have become more consistent with my day trading, that is one way I like to initially enter these stronger runners . The second is a pullback but followed by a move up into strength .
But the day trading only works when I have the whole trading day to focus on it . For the next two months plus a bit , I am pretty much going 7 days a week working on jobsites. Makes the day trading not possible for me. So, I am going to watch this as a pullback play , end of day entry .
Moving out of my "base building" list to the top of my primary buy list and I will be watching for pullback based entries in future ..
Ps : My strategy is to buy later , I don't go after the breakout itself . I wait for a break up past and then ideally pullbacks on daily chart that still respect and uptrends characteristics. Normally, I am not allowed to buy in bases or breakups, though I do have some exceptions , primarily for day trading something (then the rule doesn't apply) I like to day trade because the rules change allowing me to enter sooner due to trading off a lower timeframe that provides earlier actionable signals .
Anyways, will continue to eye up CNI
Happy Saturday ~
I have been having growing success playing stuff that has not pulled back yet on daily as day trades where I pay myself earlier on and try to hold a core position. As I have become more consistent with my day trading, that is one way I like to initially enter these stronger runners . The second is a pullback but followed by a move up into strength .
But the day trading only works when I have the whole trading day to focus on it . For the next two months plus a bit , I am pretty much going 7 days a week working on jobsites. Makes the day trading not possible for me. So, I am going to watch this as a pullback play , end of day entry .
Moving out of my "base building" list to the top of my primary buy list and I will be watching for pullback based entries in future ..
Ps : My strategy is to buy later , I don't go after the breakout itself . I wait for a break up past and then ideally pullbacks on daily chart that still respect and uptrends characteristics. Normally, I am not allowed to buy in bases or breakups, though I do have some exceptions , primarily for day trading something (then the rule doesn't apply) I like to day trade because the rules change allowing me to enter sooner due to trading off a lower timeframe that provides earlier actionable signals .
Anyways, will continue to eye up CNI
Happy Saturday ~
艾力克~