MVST Trade on Aug 17, 2021 09:41 from mrideout: Tradervue User Stock Trades.

Daily:

Price levels: 10.48, 8.12
Inst. Ownership: 9.58%
ATR: 1.97
AVOL: 6.1M
VOL: 3.7M
Float: 106.95M

Short float: 4.67%

Intraday:
MVST had been in a downtrend on the daily chart, but was looking extended from the 9 EMA. Initially, price sold off at open, but then immediately rallied forming a bullish engulfing pattern. I went long on a 1 min ABCD pattern, however decided to dump the trade since there was no follow through with volume.

areas of improvement
- Good job recognizing the decreasing volume following the engulfing pattern. This indicated low demand interest and that the stock was not in play.
- Exiting at break even was the right move. Good decision making.
- Overall a scratch trade.