This was my first trade after completing the BOW boot camp. OPTT is a low-float stock. Had a pre-market spike. After market close that day they released an 8-K stating that they were going to increase the number of common shares. At market open there was a huge red candle,, and the first 5-min bar closed under the vwap. the stock then proceeded to test the vwap and consolidate under it. I noticed a tightening of the the pps range under the vwap, and anticipated a remount of the vwap. I entered right under the vwap, and sold as the stock started to pullback from the 3.35 resistance level. Should have sold earlier after the second test of resistance.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-21 10:05:00 | OPTT | buy | $3.160 | long |
2016-10-21 10:44:00 | OPTT | sell | $3.220 | 0 |
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