Swing Trade Idea, Guns
With the fear of banking crisis turning America into Greece with riots and chaos it seams folks are not only buy gold, they are also buying guns. This gives us a chance to profit.
August saw the SP500 fall 16%, this sell off has only allowed those that missed out a chance to buying into a very bullish stock. Sturn Ruger is in a strong mark up phase that is currently showing a bullish swing trade setup, would you buy this stock?
We would put this stock through the Gann angle and cycles tests to learn more about under Wyckoff 2.0 method. But as you can see the volume pattern change confirms that the big boys want this stock.