How To Lock In Explosive Short-Term Gains

Shares

Hit & Run members went long AMCX on an audible on the Hit & Run Private Twitter Feed on Friday at 76.65 as it came out of a Misshapen Cup & Handle

It exploded to 83.63 in the 1st hour on Friday, up 10% in a few hours.

We locked in gains on the balance of our position at 80.90.

Why did we sell?

The following Square of 9 shows that 360 degrees down from the January 27 high at 73 is 44.

Red is 44 with 73 one full square higher
Purple is 90 degrees up at 83

AMCX nose-dived to 44 and turned back to the topside.

On Friday, it came out of a Cup and Handle, suggesting higher.

“Higher” being the next decrement of 90 degrees, which is 83.

Three Hit & Run rules of thumb:

1) Stocks often strike first hour highs or lows.

2) Not all breakouts are created equal.

3) Often breakouts pullback to test the breakout point.

As AMCX exploded toward 83, we trailed our protective stop to 80.90.

It was hit, giving us a quick $4.25 gain.

This is the benefit of the best trading tool on the planet, the Square of 9 Time & Price Calculator. It is able to project price and resistance in the midst of FOMO, allowing us to capitalize on spike highs and lows.

Next!

Hit & Run, Trim & Trail.

Leave a Comment: