I saw that around $2.90 was being tested a couple of times and saw we were making higher lows.
I waited for one of the lows and bought the dip giving me a good risk reward. As the stock surged throught I could see the difficulty it was facing so took my profits.
With this trade though, I did not have a clear risk level and could not figure one out at the time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-19 10:36:55 | AMBO | buy | $2.770 | long |
2021-04-19 10:41:02 | AMBO | sell | $3.130 | 0 |
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