What if the stock opens below the Ctabs "buy" target price?
If the stock opens below $25, look for an opportunity to use a buy-on-stop order at $25 to catch the price on an upward move of the stock price. After you buy, you will want to place your stop-loss order which is always a prudent thing to do for open positions. As long as the up candle formation remains i.e. stock price does not go below the open price, then the Ctabs "buy" action is in good shape even if the closing price is not above $25. If the price is below the open towards the end of the trading day, you can choose to close out the position at a loss because the down candle formation means it is not to be a "buy" action.
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