Shared by
VadimT7
Daily chart:
- At a daily resistance level, definitely not a buy.
Important to trace the important levels on the higher timeframes:
Weekly
Daily
1hr/30-min
Behaviour:
- Stock always goes red on gaps up.
Entry:
- Very extended on the 5-min chart. Don't FOMO. Don't get into extended stocks on higher timeframes.
- Then, the hanging man on above-average volume confirmed the stock's weakness + given that it's extended.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-21 10:14:14 | AIHS | buy | $1.750 | long |
| 2021-01-21 10:16:48 | AIHS | sell | $1.750 | 0 |
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