Momentum Stock up by 8% in 1 Day – How to Find Momentum Stocks?Nov 20, 2023
How to identify Momentum stocks that can go up by 8%?
By combining Elliott wave method along with patterns and price action it is possible to capture massive moves in stocks.
Check out how we selected KOPRAN and was able to capture short-term momentum of more than 8% in single day.
KOPRAN Daily Chart (Happened)
KOPRAN was about to give a breakout of a Rounding Bottom pattern when we shot the calls to our momentum advisory clients.
Along with this the current rise is in form of wave (iii) of 3 which is considered as a strongest one and increase in volume acted as a double confirmation. The stock moved up by 8% in single day.
We gave a buy call above 255 levels and anticipated potential target of 280 levels. KOPRAN achieved our target and made high of 285.6.
Below is the list of past 6 months calls performance for momentum advisory services!
In short, even the most basic Elliott wave technique can work its magic when combined with price action! Especially, if you know how to apply it correctly.
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