This is an idea for the future. I notice that a lot of pharma stocks tend to be dormant for years, then suddenly see sustained upward momentum with massive volume increase (obvious reason why).
Idea:
Run a scan on the market (can be daily after hours or intraday), to detect volume increase V > V1*10 and just buy a small position with couch change with expectation of follow-through the next day. Maybe even add "pharm", "bio", "therap", "medic" keyword filter to the scan on the company name.
Conditions:
- Has to be trading flat and low on the D for a while (months).
- Has long term history of fall from highs and now trading in the lows
- Trigger candle top tail cannot be longer than the body (not a sell-off candle)
