Dandelion

Tip 1: Volume and breakout
Volume is an important indicator in breakouts above resistance levels (or breakouts below support levels). Volume often spikes sharply when a breakout occurs.

A surge in volume often precedes a price breakout, then the breakout point through the area of resistance becomes a level of support a few days later. A decline in volume during down days is often a sign that the sell off is only a temporary setback in a generally upward trend.

There is a tendency for round numbers to stop advances or declines, at least in the short term. These round numbers, such as 50, 80, 100 will often act as psychological support or resistance levels. A trader can use this information to his or her advantage and begin taking profits, or enter the market, when round numbers are approached. to be continued...

Tip 2: The market told me to do it....
Often it is safer to let the market tell you if it is okay to buy into something. If we rally, make a fast profit and take it. But if we are weak, sit it out and watch for a while.

Tip 3: It can be very powerful...
Sometimes you will see a stock consolidating in a "cone pattern" where you see lower highs and higher lows, basically compressing it smaller and smaller. Often on patterns like this, when the break out comes (in either direction but more times than not its up) it
is very powerful.