Often at ATP we use gap fills and pyramid scaling techniques to get the best low risk entry before an upside reversal.
In the case of LEJU recently, this worked out perfectly on one of our August 2014 Swing entries alerted to members.
The stock had already corrected from post IPO highs at $14.50 in the preceeding days to the mid $12’s. Since we had done the research on the fundamentals and liked the company and valuation, it was simply trying to time the best entry point for subscribers.
We alerted the stock at $12.55 per share with specific instructions to pyramid (Scale) in over 24 hours of trade time. We mentioned the $12.06 gap that would probably fill in and also the $11.63 gap was possible. By staging our buys into the stock over that 24 hour window our net average was $12.25, and for some subcribers alot lower than that.
Within 3 days the stock reversed course as the gaps filled and rallied back to $14 for a nice low risk 14% upside move.
Join us for more of the same! Our focus is always on Fundamentals first, and then proper entry and exit… when combined they are powerful!