When looking for breakouts, you obviously want to look intra-day and see
how close the stock is to breaking its current resistance point or HOD.
But, if you pull the 6 month chart or more, and can find the same
resistance points, then you increase the odds of that stock spiking up
when it breaks. In the 2 pictures below, the first one is a 10 day 1
minute chart and the other is a 3 month 1 day chart. You can see
resistance at .10 on both. On the 10 day chart, when the stock finally
broke .10 it spiked all the way to .16. This is how to increase your
chances of buying a spike and it spiking enough to profit.
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