OBLN Trade on Jan 21, 2021 09:32 from VadimT7: Tradervue User Stock Trades.

The stock gapped down and thus has stronger chances of continuing lower.

Additionally, on the volume profile from the previous day, the price was in a range with the low-volume nodes which indicated that it will gravitate towards one of the higher-volumes nodes. In this case, the price was in a downtrend and made a strong pullback on lots of selling volume from the previous day's close with shorts expecting the price to continue moving lower the next day (given the selling volume near yesterday's close); this indicates that the stock is much more likely to gravitate to the lower high-volume node on such weakness => not good for a long trade.

To prove the downtrend, it broke the trendline during the previous day on the 5-min and 10-min charts.

Trade long only when it a new uptrend with the selling pressure falling off (low-volume selling on the pullback).