This stock had a run 2 days ago from $1 - $10 and had its first red day yesterday. I am assuming that all the shorts are now covering and that is why it is spiking. This is a classic pattern of reshorting the bounce, and expecting resistance at $7.60.
This was a 5% gain again. This is good and how my account will grow.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-22 09:41:04 | OBLN | buy | $6.880 | long |
2021-01-22 09:48:43 | OBLN | sell | $7.250 | 0 |
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