How Hit & Run Signals Captured a 100% Run in GSX

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GSX was a long trade idea from this past weekend's Nightly Hit & Run Stock Report.

The setup was in anticipation of a high level Rule of 4 Breakout… a breakout over a 3 point trendline.

GSX triggered members long on Monday, August 3, at 90.15.

We sold half for a 2.88 gain and the back half for a 7.26 gain on Monday.

As is our method on swing trades, we sell half around the same percent risk as our initial stop and trail a protective stop on the balance.

Trim & Trail.

However, when a stock explodes 10% in hours, we take the Gift Horse Gains.

Notice how the entire advance in GSX was set up by a larger Rule of 4 Breakout in June.

The signal triggered an Expansion Breakout. This is the largest range in the last 10 days to a new 60 day high.

Following the first push higher, GSX carved out a consolidation, a pennant or triangle formation.

Notably, GSX broke out of the triangle, then backed down, but the 3rd move was a charm which sealed the deal for a runaway move. This is my Triangle Pendulum signal.

Fast moves often come from false moves.

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