I've done all my screens in advance, built a strong watch list of leading stocks and waited for a new rally. With all the pieces in place, I need only wait for a breakout to occur, then pounce. But it's not that easy. A strong and healthy market will, at times, yield multiple breakouts in quick succession. My question are.... 1) When they are so many buy signals, how you choose which one to buy? 2) How to narrow down my candidates? Please advice! P/S: I am no fan of fundamental research, please provide your views on technical aspects!
One thing you might consider is relative strength of the stock vs the market/index. If the market is retracing while the stock is going sideways it would be showing strong rs. H