Choppy trade. Price went below a Daily support level, but then I saw it reverse and a huge candle with big volume went back above the support level, waited for a little pullback to the level, and got in.
Was a "Stock In Play" because it had good news about increasing its product line in Walmart stores.
Low float too, adds to the size of the potential move.
In a downtrend all day, so I went in knowing it would be a quick scalp. Should have gotten out sooner, as the price was moving up. I will learn and know this for next time. All in all, profit was made.
Next time need to look at 5 minute chart, in confluence with the 1 min. Because 5 min chart was in a severe downtrend, still below the 9 and 20 EMAs. If I saw that, I probably would have left the trade alone.
6/10
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-12 11:39:44 | NUZE | buy | $5.150 | long |
2021-11-12 11:59:37 | NUZE | sell | $5.210 | 0 |
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