How I Bought Penny Stock STSI For An Easy Profit

What do you think of this market? Pretty impressive strength today extending this 4 week rally! I took advantage of it an bought penny stock STSI on an perfect intraday breakout. STSI ran up about 4%  in the morning and consolidated nicely forming a clear resistance at 4.75 clearing the way for a break down or break out…fortunately it broke above the 4.75 resistance on a surge in volume (which is KEY in any type of breakout be it intraday or daily). From that point I knew it was a no-brainer, easy trade. I got filled for 729 shares @ 4.81 and my plan was to sell when I got a .20 profit, and shortly there after it reached 4.99. I sold half of my shares at 4.99 because in the back of my head we could breakout AGAIN and stair step higher. That was not the case though as it faded down a little more and I decided to unload the rest of my shares at 4.89 making a respectable $92 dollar profit in the morning. When you get the types of breakouts over a clear resistance with huge intial volume in the run followed by another volume surge when it breaks above the intial run’s high or resistance you’re odds are increased to around 70-80%. Here’s the annotated chart..

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