This stock has been on a run for the last 30 days starting at $0.049 and now it is $4.79 which is a 9675% run ~ 10000%. That is crazy!
This stock was setup for a good gapped the previous day but I did not have an entry. As soon as this opened and I saw the Level 2 had the bids stacked, I took a position at $3.810 risking the open price at $3.49 which is $0.30, which is risking $15.
There was a clear turn $4.60 but I was late to exit because I am not confident with OTC level twos yet.
The second trade, I saw the ABCD pattern setting up and trying to buy the break of $4.4 risking a break of $4.25 (15c), but I did not get executed and sold for a small loss.
Overall a green trade and happy with it. I like how OTC perform - they are much more predictable.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-28 09:32:14 | ALPP | buy | $3.810 | long |
2020-12-28 09:35:14 | ALPP | sell | $4.200 | 0 |
2020-12-28 09:54:09 | ALPP | buy | $4.470 | long |
2020-12-28 09:55:23 | ALPP | sell | $4.481 | 0 |
2020-12-28 10:45:08 | ALPP | buy | $4.698 | long |
2020-12-28 10:46:55 | ALPP | sell | $4.661 | 0 |
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