Market pattern based on the concept of monitoring the trend of strong stocks and buy on dips in price.
Up over last five weeks
Down over the last five days
Up (or even where Close i equal to Open) over the last (one) day
Below 50 on Williams R% (i.e. 2:1 retest)
Initial preservation Stop: 5¢ below current Low of the last five days
Purchase Price: 5¢ above re-test of the current day’s High
Potential targets: Re-test of the 10-day High