Stock was gap up about 30% on good catalyst, it also has~18% short float, I was planning to short it at the open at $13.50 but I was in $LAZR so didn't take it, stock's ATR ~$1, stock sold off
around $1.60, when I started to watch it it has a level $12.20 and $12.40, I was sitting and waiting what stock is gonna do, below .20 cents-short, above .40 cents -
long, we broke above .40 cents, the offers were taken so I got in, sold half on the break of intraday VWAP, now I watch the tape after session and understand that a
good place for add was at .80 cents, we came to intraday high of the day - I sold the rest
Stock has a PM levels at $13.50 and at $13.70, I waited to see wat stock is doing at these levels, it came to .71 cents and stopped, did it a few times - I got in half pos,
it made a very very nice consolidation above .70 cents, so I jumped in another half, took off half around previous high, stock started to consolidate above $14 level,
and also above previous high of the day at .25 cents, the obvious resistance was at .35 cents - when we broke above I add to my pos, maybe I sold it to soon but, it was
very choppy at that point, it still was holding above that .35 cents level but I didn't want to hold it.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!
You can write your trade notes and comments using markdown syntax for links, images, etc. Some quick examples to get you started:
For other options, see Markdown syntax documentation.
Note that normal HTML tags are not supported in Tradervue.