CELZ Trade on Feb 8, 2023 08:07 from BanalityOfEvil: Tradervue User Stock Trades.

#1

PLAY
CELZ – Premarket Breaking-News Scalp

CATALYST
08:00:00AM
CELZ
CREATIVE MEDICAL TECHNOLOGY HOLDINGS ANNOUNCES IRB APPROVAL FOR FDA CLEARED PHASE 1/2 CLINICAL TRIAL OF NOVEL CELL THERAPY FOR THE TREATMENT OF TYPE 1 DIABETES

Trade Idea
Price could touch 1.30 in premarket. overall markets are a little weak and there is not much else moving. I avoided taking a trade on EVAX earlier due to bull traps but this is moving much cleaner.

SETUP QUALITY AND VARIABLES
A

• Low float
• Breaking news
• Extreme rvol
• Clear target on daily chart
• Volume expansion
• Breaking and holding long term resistance at $1

PLAN
Get long at first sign of pullback above previous resistance @ $1
Target is 1.30 (next major resistance)
Stop is break and hold below vwap/$1 previous resistance

REASONS TO SELL
Tape slows
Large seller will not lift
Volume expansion ends
Stopped out

EXECUTIONS AND PRICE ACTION
• Got in a little quick on 1st pullback, but the technicals played out
• Cut some size when price did not react as quickly as I would have liked; some topping tails forming (reduced size by 1/3)
• Volume expansion continued, took profit at target

KEY TAKEAWAYS
Scale in a little slower or wait for vwap/support/consolidation to confirm on the pullback before entering full size

Managed risk well

Could have paid closer attention to the tape

Achieved daily of goal of screen recording my trade(s) and avoiding bull traps