Premarket gapper, up on fluff news. watched the first 15 minutes of the open. It looked to hold above the 38.2 fib level which is just above a support level at 2.25-2.30 area. Entered half size when vwap was pierced. Stop loss was 2.50 area. Got full size when volume confirmed momentum and held above 2.50. Set a sell order @ 2.79 just below the opening high. Lucky I got executed right at the top. Volume faded and this ticker faded out the rest of the day.
3Min Chart
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-26 07:10:32 | MDCA | buy | $2.610 | long |
2020-06-26 07:10:32 | MDCA | buy | $2.610 | long |
2020-06-26 07:14:41 | MDCA | buy | $2.700 | long |
2020-06-26 07:17:10 | MDCA | sell | $2.790 | 0 |
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