Excellent.
Another good approach is when the stock goes higher than your target, set a couple of stops under it and walk them up if the stock keeps going up, one stop kind of tight, the other a bit looser. You can often milk a little extra out of a stock that just doesn't know where to stop. Also you can set a limit sell order and keep walking it up, keeping it higher than the trend to capture those wild upward spikes in price that evaporate in just a minute or a few. Every little bit counts.
I love to get a sale in just above the upper Bollinger, because of how often stocks do a top reversal immediately after breaking through the line. Sometimes that is a good time to pounce on a short sell opportunity and pick up a little more as it goes down. I usually sell part when it goes below the median, and sometimes put a stop buy order above it and follow it down. If it touches the bottom line I buy it back immediately. If it wants to go, especially in an overall advancing market trend, I let it go, take my little bit of bearish profit, maybe take a long position once a bottom reversal is confirmed. This gives me a higher share count for the same cash obligation, for increased profit on the way back up, without digging further into my account for the additional shares. You can seesaw along an active stock's Bollingers and easily double your position in a week or so, at times, if you time everything right. But if you stop out, don't chase. Wait for the next reversal situation. Might be hours, might be days.
It is really exciting to follow a single stock as it bounces between the gutters like that, and you get a knack for that particular stock, and often you can play it that way for quite some time. The HFT machines trap small traders a lot less when you use that tactic, IME.
Ideally you get the confirmation on multiple time frames. If it is high on the day, hour, and 5 minute chart, all at the same time, you are probably looking at a nice reversal, or sometimes, and be ready for it, a monster breakout. By the time you read the news that caused it, it is all over with and you missed your opportunity, whichever way it goes.
