1

PLAY
HSCS – premarket scalp & opening drive

CATALYST
09:01:33AM
HSCS
HEARTSCIENCES GRANTED KOREAN PATENT ON ECG SCREENING USING ARTIFICIAL INTELLIGENCEHEART TEST LABORATORIES, INC. D/B/A HEARTSCIENCES (NASDAQ:HSCS, HSCSW)))) ("HEARTSCIENCES" OR THE "COMPANY"), A MEDICAL TECHNOLOGY COMPANY FOCUSED ON SAVING LIVES BY MAKING AN ECG (ALSO KNOWN AS
BZ Wire
09:00:00AM
HSCS +1
HEARTSCIENCES ANNOUNCES FURTHER INTERNATIONALIZATION OF ITS PATENT PORTFOLIO

TRADE IDEA
Price could touch 2.87 and possibly 3.80 on the opening drive

SETUP QUALITY AND VARIABLES
C

• Fresh news
• Low float
• Ugly daily chart but 1st target @ 2.87 is clear, 2nd target @3.80 possible
• Extreme RVOL
• Gapping over recent multi-day resistance @2.20

PLAN
Get long premarket for break of 2.20 and sell 100% at target 2.87
Stop is break below entry candle

Get long at break of 2.87 on opening drive and hold until r2s

REASONS TO SELL
Stopped out
Price weakens
Liquidity dries up
Targets hit

EXECUTIONS AND PRICE ACTION
• Made money but got a poor exit fill. Got stopped out and gave it all back. Watched price rip to 2nd target later in the day.

1st trade in premarket went as planned, but I did not get filled on my exit, missed some profit

2nd trade started getting long before the open, looked like price was holding up. On open, added for the break of premarket high/long-term resistance at 2.87. massive volume printed but price was having difficulty lifting so I got out of majority. Held small size until vwap and premarket support broke and shook me out.

Afternoon rally went to target @3.80 which was picked out in premarket. Did not catch this… nice shakeout.

KEY TAKEAWAYS

The late afternoon rally seems to be a theme for the past couple of weeks. Consider trading lighter in the morning, and plan to trade in the afternoon if this trend continues.

Once again, we see the big vwap shakeout on the open followed by a rally and continuation to target later. Frustrating to be in the right names but miss the moves multiple times this week.

Managed risk well. I cannot justify holding a position below intraday support, especially if VWAP is broken (pattern we keep seeing).

I would not have done anything differently aside from waiting to attempt another trade on this in the afternoon.