How to Buy a Stock that Already Went Up 20% in 4 Days

Andrew FaldeTrading Ideas, Trading LessonLeave a Comment

Early today we posted the awesome setup in AMBA. Here’s another trade that Steve Spencer talked about before the market opened.

ACAD has been a high flyer lately. Many developing traders run into a psychological barrier when it comes to long ideas on stocks that have already risen 20% in a few days.

Here was Steve’s take pre-market

End result… ACAD trades down to the identified support level, bounces, and runs up another 8%.

acad_50_and_52

Just like AMBA this morning… all this happened while the SPY was trading in a 36 cent range.

Our firm is on the hunt for the best opportunities in the market and we openly share these ideas with our subscribers.

Will you be ready to take advantage of tomorrow’s best setups?

Join Trader90 today so you can be prepared for tomorrow’s best setups.

trader90

Trades are hypothetical. No relevant positions.

Leave a Reply