My specific, well defined box break strategy involves locating stocks on Weekly/Daily timeframes where supply/demand scenarios are undergoing a potential change.
In other words, for a bullish trade opportunity I look for previous supply (resistance) to become new demand (support).
In sum, traders would call this a bullish breakout opportunity.
The following charts represent 4 stocks that are breakout candidates. As I like to say, they are currently caught in my crosshairs.
$QCOM – Qualcomm Stock Chart
$PAYX – Paychex Stock Chart
$PEP – PepsiCo Stock Chart
$MRVL – Marvel Technology Stock Chart
Thanks for reading and note that you can access more of my work over at CrosshairsTrader.
Twitter: @crosshairtrader
No positions in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
