TUE 6/23: TRV – BUYING (1/3) @ $314.18

3:47 PM – Decided to pick up some TRV as we head into today’s close. The stock actually broke out yesterday from our Traditional BreakOuts Watch List on good volume, but closed back below its TRIGGER PRICE. Today, however, it posted another day of constructive action, giving me more confidence to take a personal stake.

James’ Trader’s Tip: Not All Breakouts Are One-Day Events

  • Some breakouts require multiple attempts before gaining traction.

  • Follow-through after an initial breakout attempt is often a bullish sign.

  • Patience can sometimes provide a better entry than chasing the first move through resistance.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.