Last post I described the strategy of buying growth stocks that become over-sold and then turn up. Little did I know that the strategy would work so well on Monday. Look at MSFT ADBE and ZM below. I knew these stocks had been strong and I was waiting for them to become short term over-sold and then start rising. That was the safest time for me to get on board because I could then put in a close stop loss order if any failed. Many other stocks showed the same pattern on Monday. Check out the ones I mentioned in the prior post. Perhaps it had something to do with the strong performance of the QQQ?! (The black dot shows a short term oversold stock that is turning up.)
You mentioned what triggered the green dot (stochastic cross) – how about the black one?
Thanks!
Based on the text in the post, I would guess a shorter term stochastic.