KSCP Trade on Feb 14, 2022 08:53 from BanalityOfEvil: Tradervue User Stock Trades.

KSCP – Premarket core-builder and Opening Drive

7:38:08AM
KSCP
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Trade Idea
KSCP will make a new HOD on the opening drive
Quality – B

Big Picture
Spy is floundering under 445 in premarket, gapping down, VIX is elevated to 30, general market seems neutral/bearish.
KSCP has gapped and is holding strong above $7 in premarket on bullish catalyst, however there are some large topping wicks on the premarket chart.
A recent IPO, LTSR is not well established, but there is a chance price could touch premarket highs and put in a new high of day by 11am.

Float – unlisted, but is acting like it is less than 100M
RVOL – 9x

Plan
Establish a feeler trade in premarket to attempt to build a core in case the price explodes off the open. On the open, look for support to form before getting long; 1st pullback, or the bounce after initial selloff. Add 1 momentum lot if buyers seem convicted. Sell into strength and sell 80% at new HOD. Hold a 20% runner for a bigger move until R2S.

Executions
@ 8:50 stock has popped on news and consolidated for an hour, entered feeler size for break of 7.50 and resumption to 8, possibly moving up to 9.50 or 10 intraday, max stop on this feeler is $7, will add when stock holds 7.50
@9:15 stock has pulled back to test 7 and is holding just under vwap @ 7:40
@9:22 testing 7 ready to sell for small loss
@Opening 5 minutes price sells off to test 6.75 – held because there were buyers trying to get filled and it was not a violent drop, selling volume contracting, price action showed support coming in
@ 9:37 added to T2 size, tape speeding up, bids stepping up above 6.75 with conviction, consolidation breakout to opening price
@ 9:39 after wild pullback that forms deep bottoming wick, moves higher on volume expansion, added 50 more shares up to 500 true T2 size, and quickly sell ½ for a touch of premarket pivot
@9:40 – 9:43 large topping wicks coming in, sold ½ to reduce risk only holding feeler size
@9:55 consolidates @ 7 on volume contractions, ready to sell if 7 is broken
@10:03 opening range is broken, sold 80% into $8, holding a micro runner
@10:10 price has consolidated above 7.50 but volume is a bit light, the stock is moving erratically and algo presence is well defined, I do think it will go higher, but I am not convicted that it will make a new HOD, no ADD.
@10:24 7.60 has established itself as the bottom of new range, stop set to 7.50 on micro lot
@10:28 saw tape speeding up for a quick scalp to make a new HOD, added to feeler size 100 shares just to scalp the pop, captured .25ct, still holding micro runner, price average is now much higher @ 7.80, max stop is now 7.60. will hold until stopped out or bullish liquidity even occurs.
@11:19 sold tiny runner, volume is thinning out

Key Takeaways
Don’t try to be too early in this market, especially on a neutral/bearish Monday morning. This market is all about finding support before entry. Until market proves itself, then do not buy pivot breaks and breaks of HOD as main strategy. Continue waiting until after the opening bell to find support on stocks in play before getting long.

Stock selection over past 5 sessions has been excellent