Need a Vacation with OOTO?This one just fired and vacation stocks likely don't care about semi-conductors. Who knows, maybe they even benefit from cheaper AI on a laptop computer!
This bull flag if it breaks out has a 7% profit target based on Fib Extension, with the algo backtest saying 5% take-profit and a 3.5% stop loss. If it hits 5%, I will go ahead and protect by selling half and then set trailer for 1.75% on remainder, with the intention of selling on the way up to 7%! But for now, I will just be happy if momentum continues to the upside!
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! OOTO and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off).
