What is HUNDY ROLL?
This is an old school trading strategy - the concept is simple:
I bought a stock based on the theory that human psychology is attracted to round numbers.
A Hundy Roll occurs when a stock hovers around $97-98 a share - once it crosses the magic threshold of $100, the stock price is expected to skyrocket, often reaching $106.
The logic behind this is simple: when a stock breaks above $100, human behavior and market momentum will push it higher - that's just how the market moves. Don't question it ~ it's just physics
Looking at the chart below, we can see the round numbers 90k$, 95k$, 100k$, 105K$,... those are the round numbers, the areas where we place trade orders.
Wish you guys make money in this market!
