An investor once told me, “I want to buy stocks that have uptrend momentum, and yet are cheap right now”. “That’s what exactly AbleTrend Sweet Spot Entry can do for you” I replied. Here is an example of recent AMZN chart with AbleTrend Sweet Spot Entries.
AbleTrend Support Levels Are Market Floors Defined
Small blue dots below the bars are AbleTrend support levels. During trading hours, the dots are continually calculated to show you the true market support. As you can see every time price comes down to the floors they bounce back. If prices were going to reverse the direction, it will break the floor called break out.
Sweet Spot Entries
As you can see on the chart above. Sweet Spot Entries are marked 1 through 4. Therefore, if you missed the first entry, you still have chances to buy the stock at Sweet Spots marked 2, 3 and 4. You may also buy some shares first and add more share at subsequent Sweet Spots.
Buying at Sweet Spot is Buying at Dip with Uptrend
Knowing the true market support levels, you have the power to find the cheapest spots with the assurance of uptrend momentum. Yet the best advantage is that you know whether you’re right or wrong right away. You may place your stop at the 2nd level of the blue dot as your protective stop with peace in mind. If it reverses direction, you will stop out with reduced risk.
AbleTrend is a principle based trading software which received Reader’s Choice Award from S&C magazine for more than 19 years. Now is the perfect time to get prepared for the huge opportunities in today’s chaotic global market. AbleTrend is designed for investors and traders to take advantages of volatile market. If you’re not using AbleTrend already, you can use promo code: Sep79 to order AbleTrend 7.0 30-day trial for $79 instead of $199. This promotion code end of September.
With Warm Regards,
Grace Wang
AbleSys Corp.