Review your charts. If your stock closed near its high of the day, hold. If it closed weak on high volume, prepare to sell the next morning.
: This line compares a stock's performance to the S&P 500. A rising RS line during a market correction is a classic sign of a future leader. Summary of Major Chart Patterns Minimum Length Max Correction Depth Cup-with-Handle 15% – 33% 10¢ above handle high Double Bottom 40% or less 10¢ above middle peak Flat Base 15% or less 10¢ above base high The "PDF" Guide to Essential Rules
If you download a bootleg "IBD Chart School PDF" but ignore the text, you will fail. Here are the three biggest errors the PDF highlights: ibd chart school pdf
For serious traders, the search for the “IBD Chart School PDF” is a rite of passage. This document, whether in its official digital course form or compiled by dedicated students of William O’Neil’s CAN SLIM methodology, represents the gold standard in technical analysis.
The cornerstone of the method is . Before a stock can double or triple, big money needs to buy millions of shares. They cannot buy them all at once. They have to accumulate them over weeks or months without driving the price up too fast. Review your charts
Before we dive into the patterns, let’s address the demand. Why is everyone searching for a PDF of this course?
A breakout on low volume is a trap. Don't buy it. You want volume on breakout day to be at least 40% to 50% above the stock's average daily volume. The PDF says: "Volume confirms the move; price makes the move." : This line compares a stock's performance to the S&P 500
Let’s be honest. A static PDF shows you a picture of a "Cup with Handle." The live IBD Chart School shows you hundreds of variations of that cup.