If you really want to see what your planned purchase or sale is doing bring up a 20-day view of the 2-hour charts. I've written about these before but I have a couple of new readers and they may not appreciate the concept of using multiple time scales to inform trading. (Now before anyone writes in to correct me - I know that there aren't 4 2-hour periods in a trading day - there are 3 2-hour periods and 1 30-minute period - these are just called the "2-hour charts").
Let's take a look at a 2-hour chart.
As you can see you can use the same technical analysis tools on the 2-hour charts that you use with any other time frame. The difference being you cross day boundaries when using 2-hour charts.
The prevalent formation on the 2-hour charts is the cross over but you will find a BOB every now and then. I've circled the two cross overs on this one and put a rectangle around the BOB.
Here's another 2-hour chart.
Again we find both the cross over and the BOB.
And one more - this one is HST and it contains a number of strange patterns -
But when we look at this on a color-coded chart such as the ones I use in QuoteTracker you can see that it is actually an RSI(2) < 2 and I use those to inform me when to add to my holdings or to day trade using my holdings.
The long purple bar is how I have the chart tell me about the RSI activity.
You can also see on this chart how the 2-hour charts support pivot points as well.
I currently own all of these stocks. That doesn't mean that I will own them later today or even five minutes from now - but right now I do own them.