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Whether it's Justify breaking out of the gate to win the Triple Crown or a stock breaking out to win profits in your account, breakouts are exciting.
Every trader hopes to find that secret recipe for a breakout that's typically the catalyst for a bull run on a stock while the rest of the crowd feeds prices as they chase the stock higher.
For more than a decade, I've eyed the charts and data to put together a combustible combination which serves as a fantastic model to identify the right time to buy ahead of a breakout.
Sometimes it really is as simple as one-two-three.
In fact, I've broken it down into three detailed steps to show you just how easy it can really be…
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.