Upside targets

[smallfil]

OK, but more to my example, lets say it goes to $20, consolidated at $18.50, then broke out, i buy it at $19.50 or 20. I'm buying at all time high, there is zero overhead resistance

So, where is your stop loss? You have to figure out your risk amount first. Then, multiple it by 2 or 3 for targets at 2/1 or 3/1. Nobody knows how far a stock in a strong uptrend will run to. Example: You buy at $20.00, I am assuming that is the resistance price. So, you buy at $20, stop loss @ $19. You are risking $1, price target at 2/1 is $22, 3/1 is $23. You get the picture?

 

[KGTrader4]

Thanks smallfil. So the stock is GFS, and I decided to post the chart in the Stocks section with questions. The “where’s your stop question is what made me think I made a mistake (see my post and charts here…
https://www.elitetrader.com/et/threads/gfs-global-foundries.365898/

 

[spooz]

Look for decreasing momentum. Measure the distance between consecutive highs. You are looking for a significant decease. Exit on the next high (if you can). There is a chance of momentum increasing after you are out but you can always get back in again. There is no perfect solution.