This is an evolution of the Gap and Panic setup covered in quarters past. I’ve made a good deal on this trend, and the key here is patience. The general rule is to wait for the first green day to tell us the trend is changing, buy near the end of the day to minimize risk, wait some more, then take your profits. If you aren’t familiar with charts on the Thinkorswim platform, the blue light bulb icon signifies the day in which earnings were announced.

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Drifters are stocks that tend to slowly creep their way up in price. Because a positive earnings reaction tends to bode well for the company on a fundamental level, these patterns are perfect for individuals who have full time jobs or... Continue →