We have a whole thread on 52 weeks high and all time highs and a lot of stocks are discussed there. You can search the stock you are interested in that particular thread and get views of anyone who has posted on these charts.
Stocks crossing 52 weeks highs and all time highs usually do so because of strong business tailwinds, or sometimes because of perception of strong business tailwinds. Most important aspect of this type of investing is to keep a close eye on exact breakout levels and try to buy very close to those levels at the time of breakout, or if there is a subsequent retest, then try to buy during that retest at close to support levels.
And if you are into this type of strategy, please read a few books like William O Neil’s How to make money in stocks, Ivayly Ivanov’s The next apple, Mark Minervini books etc. That should provide some background on how to invest based on this strategy.
Stocks crossing these key levels have had a strong run up, and can often consolidate for long periods of time, or can give sharp or mild corrections and we have to have our own conviction regarding these companies we invest in. I keep posting charts of stocks where I find interesting set ups on the above mentioned thread. Idea should be to learn to spot these set ups in other companies by getting a grasp of patterns of various companies discussed with charts put up.
Subscribe To Our Free Newsletter |