Conclusions: When a G&G stock opens right below previous daily resistance, or a whole dollar, wait for the price to break that resistance.
Conclusion: Wait for a pullback to add to a position.
I didn't realize that the price opened just below resistance at $1.87.
Also, this G&G stock opened at about 60% of it's highest PM gap, in other words it dipped down after PM highs.
PM Volume was 810K, Initial Green Candles were only 400K volume each, this could've been an indicator that traders didn't have faith in the stock. Combined with eh fact that the first red candle had over 800K in volume.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-10 09:31:44 | RETO | buy | $1.800 | long |
2020-07-10 09:31:44 | RETO | buy | $1.800 | long |
2020-07-10 09:32:26 | RETO | buy | $1.920 | long |
2020-07-10 09:33:01 | RETO | sell | $1.660 | long |
2020-07-10 09:33:01 | RETO | sell | $1.660 | long |
2020-07-10 09:33:03 | RETO | sell | $1.650 | 0 |
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