I see this strategy works quite well recently. Scot1and looks for the low priced stock (I believe <$5) with prior negelect, then suddenly one day with a big breakout. The strategy is to trade the upside momentum continuation after a few days pullback (within 5 days after the breakout). The entry is prior to the close on the very first up day. The stock should close at HOD or close to HOD on the up day. Usually the stock should gap up the next day. This is a short term trade. I find out that stock can go up till 12pm next day then fade away. So it is important to sell into strength to take profit.
I think recently the stock UTHR also qualified for this strategy. The entry should be on 08Sep then sell next day. Even though UTHR is a high priced stock, it has the same behavior.
Vehicle identification with the initial thrust is important.
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