Shared by
CFInvestor
Watching premarket as it made a decent move at 6am
At opening, red to green move in 5 mins. I got in at 8:36am @ 3.14
I held thru the pullback as it bounced off the 9 EMA -- Looking for it to test the premarket high of $3.31
It bounced back up but when it could not hold the opening high, i exited the trade with a 0.05 cent per share profit. Lighter volume on the 8:38am candle, combined with level 2 is why I exited the trade with a small profit.
1 min later it flushes from $3.20 to $2.66 (0.54 cents!!) Good exit. I got lucky.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-04-22 08:36:54 | MLEC | buy | $3.140 | long |
| 2024-04-22 08:38:42 | MLEC | sell | $3.190 | 0 |
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