BEST PRACTICES – Evaluating a base breakout

Hi Pat - Good morning! As we monitor the stocks on our KEY List, we are typically looking for a base breakout on high volume, when the market is working in our direction. As we wait for volume confirmation, the price can continue to move up beyond our optimal buy point. If we shorten our time frame from hourly to 30-min, it can show up a little faster. I know it is important to buy as close to our pivot point as possible, and we don't want to chase the stock. I would love to know your thoughts as you monitor the early stages for this type of breakout. 1) What time frame do you find most useful for monitoring the VOLUME as the price approaches and breaks out above the buy point? 2) If it is not really obvious, what amount of volume are you typically looking for, as a minimum? Relative to the prior day, or relative to the 20 period average? 3) How far would you allow the price to rise over the optimal buy point while waiting for a volume confirmation, before removing it from consideration? Love your service! Thanks
Mike